Bitcoin

<p><em><strong>On Monday, Bitcoin, the leading cryptocurrency globally, reached its highest level in two years, exceeding $66,000. With a surge in investment, it approached its previous record levels.</strong></em></p><h2 id="header-0">Cryptos Headlines Token Airdrop Is Live, Claim Instant 5000 CHT Tokens Worth Of $50 Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Binance-labs.png?fit&#61;850%2C480&amp;ssl&#61;1" /></p><p>Bitcoin peaked at $66,319 during the session, showing a 6.4% increase and settling at $66,254. Currently, it stands 4% below its all-time high of $68,999.99, reached in November 2021.</p><h3 id="bitcoin-rally-sparks-optimism-in-cryptocurrency-market">Bitcoin Rally Sparks Optimism in Cryptocurrency Market</h3><p>The global cryptocurrency market cap experienced a notable surge of 3.6% in the last 24 hours, reaching around $2.54 trillion, according to data available at CoinGecko.</p><p>Bitcoin has seen a remarkable 50% increase in value this year, with a significant portion of the growth occurring in recent weeks, coinciding with increased inflows into US-listed Bitcoin funds.</p><p>In the week leading up to March 1, net flows into the 10 largest US <a href="https://cryptosheadlines.com/blackrocks-spot-bitcoin-etf-renews-optimism-triggers-surge-in-new-filings/" rel="noopener noreferrer nofollow">spot Bitcoin</a> funds totaled $2.17 billion, with more than half of that amount directed into BlackRock’s iShares Bitcoin Trust, as reported by LSEG data.</p><p>Edul Patel, CEO of Mudrex, commented on the Bitcoin rally, noting, “There is a positive sentiment across the market with institutional demand, spot Bitcoin ETFs growth, and the approaching halving event.”</p><p>Furthermore, Patel highlighted the significant portion of Bitcoin held by long-term investors, stating, “Out of 19.6 million Bitcoin currently circulating in the market, 13.6 million, which is close to 70%, is in the possession of hodlers who have been holding on to Bitcoin over a one-year period, showing increasing long-term investment sentiment. If this trend continues, we are likely to see Bitcoin beating its all-time high any day now.”</p><p><a href="https://cryptosheadlines.com/cardano-founders-response-to-vitalik-buterins-mma-fight-proposal/" rel="noopener noreferrer nofollow">Also Read:   Cardano Founder&#39;s Response to Vitalik Buterin&#39;s MMA Fight Proposal</a></p><h3 id="cryptocurrency-market-sees-broad-rally">Cryptocurrency Market Sees Broad Rally</h3><p>The cryptocurrency <a href="https://cryptosheadlines.com/dapp-market-witnesses-9-97-surge-in-may/" rel="noopener noreferrer nofollow">market witnessed a widespread surge</a> in prices, echoing the momentum of Bitcoin’s rally. Ethereum, the second largest cryptocurrency, climbed 3.6% to reach $3,541, while other tokens such as Solana, XRP, Cardano, Dogecoin, <a href="https://cryptosheadlines.com/shiba-inus-burn-surge-soars-by-4181-scarcity-sparks-hope-amid-price-decline/" rel="noopener noreferrer nofollow">Shiba Inu</a>, and Polkadot saw gains of up to 21%.</p><p>Shivam Thakral, CEO of BuyUcoin, remarked, “Ethereum is attempting to breach the $3,600 level, a move that could propel the second-largest cryptocurrency above $4,000.”</p><h3 id="crypto-market-metrics-reflect-positive-momentum">Crypto Market Metrics Reflect Positive Momentum</h3><p>The total <a href="https://cryptosheadlines.com/unusual-trading-volumes-observed-for-4-altcoins-on-south-korean-cryptocurrency-exchanges/" rel="noopener noreferrer nofollow">trading volume in the cryptocurrency</a> market over the past 24 hours surged to $127.78 billion, marking a notable 37.38% increase. Within the decentralized finance (DeFi) sector, the volume reached $9.46 billion, representing 7.40% of the total <a href="https://cryptosheadlines.com/binance-trying-to-again-enter-in-japanese-crypto-market/" rel="noopener noreferrer nofollow">crypto market</a> volume. Stablecoins also played a significant role, with their volume reaching $114.03 billion, accounting for 89.24% of the total crypto market volume, as reported by data from CoinMarketCap.</p><h3 id="bitcoin-leads-the-charge">Bitcoin Leads the Charge</h3><p>Bitcoin, the flagship cryptocurrency, experienced a surge in its market capitalization, reaching $1.3 trillion over the last 24 hours. <a href="https://cryptosheadlines.com/bitwise-executive-predicts-bitcoin-etfs-to-dominate-the-market/" rel="noopener noreferrer nofollow">Bitcoin’s dominance in the market</a> currently stands at 52.94%, according to CoinMarketCap. Additionally, BTC’s trading volume in the past 24 hours saw a remarkable 111% increase, totaling $49.46 billion.</p><p><em><strong>Important:</strong> Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice</em></p>

Bitcoin Surpasses $66000; Crypto Market Cap Exceeds $2.5 Trillion

Table of Contents

CryptosHeadlines.com

Other articles published on Mar 4, 2024

BIG SHIB Price Prediction: Shiba Inu Price Eyeing $1 Before Bitcoin Halving?

Solana Trader Makes Over $4 Million With Dogwifhat (WIF): Details

Key Differences Between Bitcoin and BTC ETFs

BONK Coin’s Impressive Price Surge in the Meme Coin Mania

Low Buy-In Rush: Raffle Coin (RAFF) Launches, Attracting Thousands of Solana (SOL) and Ethereum (...

Shiba Inu Futures Surpass $100 Million, Sparking Investor Interest

Join our free newsletter for daily crypto updates!