coinspress.com
Bitcoin (BTC) broke another key level after gaining significant momentum this past week.
Bitcoin is currently trading at $60,300 after a 6% surge in the past 24 hours and a $48.2 billion trading volume.
The price surged by almost 20% in the past week and has a market cap of around $1.18 trillion.
During the past 24 hours over $316 million were liquidated from the crypto market with $132.5 million being long positions and $183.5 million being shorts.
The 1-day technical analysis from TradingView paints an extremely bullish picture. The summary and moving averages is showing “strong buy” with 17 and 14 signals respectively. Oscillators point to “buy” with 8 signals.
The altcoin market is also experiencing a significant surge with the top performers during the previous 24 hours are Pepe (PEPE) and Arweave (AR).
READ MORE: Bitcoin: Expert Predicts Skyrocketing Surge
Pepe surged by 52% and has an astonishing trading volue of around $2 billion (during the past week the meme coin gained almost 200%).
Arweave’s price registered a significant 45% price surge during the past 24 hours and reached $475.8 million in trading volume (AR surged by around 70% during the previous 7 days.)