{"id":6523,"date":"2024-09-14T06:51:41","date_gmt":"2024-09-14T06:51:41","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=6523"},"modified":"2024-09-14T06:51:41","modified_gmt":"2024-09-14T06:51:41","slug":"crypto-markets-added-70-billion-daily-as-bitcoin-btc-soared-to-16-day-peak-weekend-watch","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=6523","title":{"rendered":"Crypto Markets Added $70 Billion Daily as Bitcoin (BTC) Soared to 16-Day Peak (Weekend Watch)"},"content":{"rendered":"

Bitcoin\u2019s price ascend continued in the past 24 hours as the asset flew past $60,000 and tapped a multi-week peak of over $60,500.<\/p>\n

The altcoins are also in the green, which has boosted the total crypto market cap by more than $70 billion since yesterday.<\/p>\n

BTC Touched $60.5K<\/h2>\n

After last Friday\u2019s correction that drove BTC to $52,500, the asset recovered some ground during the weekend but went on the offensive hard on Monday, soaring by four grand in 24 hours and briefly exceeding $58,000. The mid-week price action was quite volatile<\/a>, especially after the US CPI numbers came out on Wednesday, and bitcoin recorded several ups and downs.<\/p>\n

However, the bulls seemed to have taken control of the market. They initiated another leg up on Friday that resulted in BTC nearing $60,000. Although it failed at first, the cryptocurrency flew past<\/a> that level earlier this morning and tapped a 16-day peak of just over $60,500.<\/p>\n

This came after the trend change<\/a> in the US spot Bitcoin ETFs, as they turned the tables around with over $400 million in net outflows for the past week. Additionally, MicroStrategy announced<\/a> another massive BTC purchase worth over $1.1 billion.<\/p>\n

BTC has lost some traction as of now, but it is still 4% up on the day. Its market cap has jumped to $1.185 trillion, while its dominance over the alts is above 54% on CG.<\/p>\n

<\/a>Bitcoin\/Price\/Chart 14.09.2024. Source: TradingView<\/p>\n

Alts See Green<\/h2>\n

Most altcoins have followed BTC on the way up. ETH and BNB have gained around 2% each and now sit above $2,400 and $550, respectively.<\/p>\n

Even more impressive increases come from the likes of DOGE (4%), TON (4%), AVAX (3%), LINK (5%), PEPE (6%), TAO (10%), and IMX (5%). TRX is among the few altcoins with minor retracements within the past day.<\/p>\n

The cumulative market cap of all crypto assets has added about $70 billion since yesterday and now sits at $2.2 trillion.<\/p>\n

<\/a>Cryptocurrency Market Overview. Source: QuantifyCrypto<\/p>\n

The post Crypto Markets Added $70 Billion Daily as Bitcoin (BTC) Soared to 16-Day Peak (Weekend Watch)<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin\u2019s price ascend continued in the past 24 hours as the asset flew past $60,000 and tapped a multi-week peak of over $60,500. The altcoins are also in the green, which has boosted the total crypto market cap by more than $70 billion since yesterday. BTC Touched $60.5K After last Friday\u2019s correction that drove BTC […]<\/p>\n","protected":false},"author":0,"featured_media":6524,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-6523","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/6523"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6523"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/6523\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/6524"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6523"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6523"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6523"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}