CandleFocus Bitcoin Breaks $90,000 – Bullish Surge Seems Unstopable
2024-11-13
Author: Content Editor
Bitcoin has continued to perform strongly, reaching a new milestone with a market cap of $1.793 trillion. The cryptocurrency saw a 5.63% increase in the past 24 hours and a 22.05% increase on the weekly chart. However, BTC's trading volume has decreased by 35% to $102 billion. The market saw a significant liquidation of $554.7 million, with long positions accounting for $350.87 million and shorts accounting for $203.84 million. Technical analysis suggests a very bullish sentiment, with the summary and moving averages indicating a "strong buy" and oscillators showing a "buy" signal. The total crypto market cap now stands at $2.98 trillion, with a 3.29% increase today. The biggest gainer of the day is the meme coin Peanut the Squirrel (PNUT) which has surged over 250% in the past 24 hours and has a market cap of $1.7 billion, following a surprise listing on Binance.
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