Bitcoin Price Rises Above $64,500

Sep 23, 2024 09:07

  • he price of Bitcoin has risen above the $64,500 mark.
  • The asset's rate subsequently fell back to around $63,700.
  • Against this backdrop, the volume of liquidations on the crypto market exceeded $165 million.
  • The fear and greed index fell by two points in one day.

On the night of August 23, 2024, the Bitcoin rate momentarily rose to $64,745. Later, the price of the first cryptocurrency rolled back to about $63,700. Over the past 24 hours, the asset has grown by 1%.

BTC/USDT chart on Binance. Data: TradingView.
BTC/USDT chart on Binance. Data: TradingView .
BitcoinBTC
Price:
$63,603
0.97%
24h Volume:
$10.9b

Bitcoin's dominance rate has not shown any growth. It has dropped from around 58% to 57.59%:

Bitcoin's Dominance in the Crypto Market. Source: TradingView.
Bitcoin's Dominance in the Crypto Market. Source: TradingView .

The Ethereum (ETH) coin is trading near the $2,660 mark. The asset has grown by almost 3% in a day.

EthereumETH
Price:
$2,646.69
2.13%
24h Volume:
$7.4b
ETH/USDT rate on Binance. Source: TradingView.
ETH/USDT rate on Binance exchange. Source: TradingView .

Amid rising crypto asset prices, the volume of liquidations on futures contracts in the crypto market also increased. The figure exceeded $165 million in a day, according to CoinGlass.

Liquidations volume for futures contracts in the crypto asset market. Source: CoinGlass.
Liquidations volume for futures contracts in the crypto asset market. Source: CoinGlass .

The fear and greed index has fallen. Over the past day, the indicator has decreased by two points - to 50.

Cryptocurrency Market Fear and Greed Index. Source: CoinStats.
Cryptocurrency Fear and Greed Index. Source: CoinStats .

Let us recall that earlier the CEO of BlackRock called Bitcoin a legal financial instrument.