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The post <a href="https://coinpedia.org/price-analysis/crypto-market-cap-tops-2-5t-bitcoin-price-breaks-64k-while-ethereum-price-surpasses-3500/">Crypto Market Cap Tops $2.5T, Bitcoin Price Breaks $64k, While Ethereum Price Surpasses $3,500</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
The crypto market is spectacularly performing as <a href="https://markets.coinpedia.org/bitcoin/" target="_blank" rel="noreferrer noopener">Bitcoin (BTC)</a> and <a href="https://markets.coinpedia.org/ethereum/" target="_blank" rel="noreferrer noopener">Ethereum (ETH)</a> prices soar. In the past 24 hours, Bitcoin has climbed 3.7% to surge past the $64,000 level, while Ethereum saw a 2.6% increase, pushing its price over $3,500. This contributed to the total global cryptocurrency market cap surpassing the $2.5 trillion mark. 
<h2 class="wp-block-heading" id="h-a-remarkable-surge-amidst-volatility">A Remarkable Surge Amidst Volatility</h2> 
Despite the bullish trend, the past twenty-four hours have not been without its casualties. Data from <a href="https://www.coinglass.com/LiquidationData">Coinglass</a> shows a huge $289 million in liquidations, with long orders accounting for $184 million. The volatile market conditions led to the liquidation of 124,000 traders. The largest single liquidation occurred on the OKX exchange, involving a Bitcoin trade valued at $2.10 million. 
The data also shows that Bitcoin topped the charts with $3.19 million in liquidations, followed by a variety of other assets, including ETH, DOGE, and other altcoins, indicating widespread market impacts. Over the course of 24 hours, the total liquidations amounted to $329.23 million, affecting 131,053 traders. 
Also read: <a href="https://coinpedia.org/price-analysis/bitcoin-price-all-set-to-hit-66k-this-week-heres-why/">Bitcoin Price All Set To Hit $66K This Week: Here’s Why</a> 
<h2 class="wp-block-heading" id="h-exchange-trends-and-analyst-insights">Exchange Trends and Analyst Insights</h2> 
As Bitcoin withdrawals from exchanges accelerate, reaching the fastest pace in recent years, the market is at a turning point. Some analysts warn that the current market, marked by high funding rates, suggests a heavy reliance on leverage, possibly laying the ground for a liquidation-driven correction. However, others, particularly options analysts, believe that the rally has solid footing and have dismissed these concerns. 
This is not the first time <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" target="_blank" rel="noreferrer noopener">Bitcoin is pushing past the $64k level</a>. It did the same on February 28th, but then not long after, there was a temporary setback that saw its price dip to $58,700 following a sell-off. Yet, it managed to recoup nearly 5% of its losses. 
<a href="https://coinpedia.org/price-prediction/market-price-prediction-ethereum-2019/" target="_blank" rel="noreferrer noopener">Ethereum</a> also appears promising, with analysts suggesting that if the momentum continues, it could break past the $3,700 level, potentially reaching up to $4,500—a 29% increase from current levels. The sentiment is supported by strong market indicators, such as the Awesome Oscillator, which shows a predominance of bullish momentum despite the overbought conditions.

Crypto Market Cap Tops $2.5T, Bitcoin Price Breaks $64k, While Ethereum Price Surpasses $3,500

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