Bitcoin trades above $62,000 level for the first time since November 2021; Dogecoin, Solana jump up to 32%
The world's largest cryptocurrency was last up 8.5% at $62,135, its highest since November 2021, while Ethereum rose 5.35% to $3,436, having hit another two-year high. Meanwhile, the global cryptocurrency market cap surged 8.9% to nearly $2.3 trillion in the last 24 hours.
BTC changed hands at as high as $63,933 overnight. Its monthly gain is more than 47%, the largest since December 2020.
Manhar Garegrat, Country Head at Liminal Custody Solutions, said, «Bitcoin has reached $64,000, backed by strong inflows from Bitcoin Spot ETFs, growing institutional adoption and macro conditions in developed countries that support investments into assets like Bitcoin.»
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View Details»«The next key levels for BTC are $65,000-$66,000, followed by its all-time high at $69,000,» CoinDCX Research Team said.
Other top cryptocurrencies such as Solana, Dogecoin, Toncoin, and Shiba Inu surged 18-32%. BNB, Cardano, Avalanche, Chainlink, and Litecoin also gained 4-10%.
In the last 24 hours, the market cap of Bitcoin, the world's largest cryptocurrency, surged to $1.21 trillion. Bitcoin's dominance is currently 53.11%, according to CoinMarketCap. BTC volume in the last 24 hours increased 127% to $90.7 billion.
«BTC's hourly MACD shows a bullish trend, gaining momentum. The RSI for BTC/USD is above the 50 level, indicating strength. Key support lies at
