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Bitcoin
Bitcoin (BTC)
$117,569.00 1.40023
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Ethereum
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$2,958.75 0.21901
Ethereum price
BNB
BNB (BNB)
$689.84 0.57521
BNB price
Solana
Solana (SOL)
$162.75 -0.61831
Solana price
XRP
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$2.74 7.42881
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Shiba Inu
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$0.0000133 -0.02779
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Pepe
Pepe (PEPE)
$0.0000124 0.46811
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Bonk
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$0.0000225 -5.62174
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dogwifhat
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$0.961362 -8.31963
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Popcat
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Bitcoin
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$117,569.00 1.40023
Bitcoin price
Ethereum
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$2,958.75 0.21901
Ethereum price
BNB
BNB (BNB)
$689.84 0.57521
BNB price
Solana
Solana (SOL)
$162.75 -0.61831
Solana price
XRP
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$2.74 7.42881
XRP price
Shiba Inu
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$0.0000133 -0.02779
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Pepe
Pepe (PEPE)
$0.0000124 0.46811
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Bonk
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$0.0000225 -5.62174
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dogwifhat
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$0.961362 -8.31963
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Popcat
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$0.36015 -4.33768
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Bitcoin
Bitcoin (BTC)
$117,569.00 1.40023
Bitcoin price
Ethereum
Ethereum (ETH)
$2,958.75 0.21901
Ethereum price
BNB
BNB (BNB)
$689.84 0.57521
BNB price
Solana
Solana (SOL)
$162.75 -0.61831
Solana price
XRP
XRP (XRP)
$2.74 7.42881
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000133 -0.02779
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000124 0.46811
Pepe price
Bonk
Bonk (BONK)
$0.0000225 -5.62174
Bonk price
dogwifhat
dogwifhat (WIF)
$0.961362 -8.31963
dogwifhat price
Popcat
Popcat (POPCAT)
$0.36015 -4.33768
Popcat price

Bitcoin reaches $53k as daily trading volume soared over 50%

Brian Stone
Edited by
Markets
Bitcoin reaches $53k as daily trading volume soared over 50%

Bitcoin’s value soared to its highest point over two years, surpassing the $53,000 mark.

The leading digital currency experienced an upswing of up to 3.3%, reaching $53,456, a price point not seen since December 2021. According to CoinMarketCap, BTC trading volume has surged over 50% today. 

The uptick occurred in the wake of reports that MicroStrategy, under the leadership of Michael Saylor, expanded its Bitcoin portfolio by purchasing an additional 3,000 units at a total cost of $155.4 million. MicroStrategy’s total Bitcoin investment is now valued at nearly $10 billion. The acquisition price averaged $51,813 per Bitcoin, with their holdings’ overall average purchase price at $31,544.

Bitcoin price
Bitcoin daily market performance | Source: CoinMarketCap

Over the recent weekend, analysts pointed out that Bitcoin may enter the third phase of a pattern that historically precedes significant price rallies. It is noted that Bitcoin’s price typically benefits during periods of increased global liquidity – the vast sums of money circulating within the global financial ecosystem.

Despite a current downturn in global liquidity, Bitcoin’s price is on the rise, leading analysts to speculate that its value could surge beyond expectations should global liquidity levels rebound.

With this latest rally, Bitcoin gained nearly 30% in February. Given the positive sentiment across the wider market, as April’s halving is getting closer, Bitcoin’s bull run might enter a new phase. BTC’s fear and greed index has now entered 72 (greed), a massive 20 points since the start of this year.Â