Bitcoin Topped $57K, Ethereum Surpasses $3.2K: Details
Monday marks an intense day for the crypto market, with BTC on a roller coaster ride that only seems to be going up.
Bitcoin (BTC) has surged above $56K. This was an all-time high achieved over three years ago, on February 20, 2021.
The last time BTC was at these levels was in November of the same year.
- Monday 26th has been one of the most intense days for the crypto industry, with the two leading assets, BTC and ETH, surging above 10%, liquidating millions of dollars of short positions.
wow $1400 in minutes…. #Bitcoin smashes 55K then $56K
good time to be SHORT – NOT 😀 pic.twitter.com/crdSVPM3Zv— InvestAnswers (@invest_answers) February 27, 2024
- Bitcoin remained on the sidelines for the past seven days, unable to overcome the $52K barrier. Most analysts pointed out that $52K was a crucial barrier BTC had to break to reach new all-time highs potentially.
- On Monday, the bulls decided to take control and break that barrier, placing BTC at $53K. However, the price action didn’t stop there, as the cryptocurrency managed to reach a high of $55,700 around 9:30 PM (EST), just to add another $1,300 in a few minutes.
- BTC at $60K doesn’t seem so far off now, considering the asset is less than $4,000 shy of this figure. So far, $190 million BTC shorts have been liquidated in the past 24 hours.
- Bitcoin ETFs have been rapidly growing in size, outpacing gold ETFs in terms of inflows over the past six weeks. Bloomberg analysts suggest that Bitcoin ETFs could surpass gold ETFs in size within the next 24 months.
- ETH has been on a roll lately, as well, and the past 24 hours didn’t disappoint. The second-largest digital asset soared past $3,100 earlier on Monday and above $3,200 later that day.
- Altcoins are also trading on the green, with coins like Avalanche (AVAX), Binance Coin (BNB), and Mantle (MNT) posting double-digit gains.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
New spot margin trading pair — HOLO/USDT!
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn
- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

OPEN has dropped by 189.51% within 24 hours during a significant market pullback
- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

New spot margin trading pair — LINEA/USDT!
Trending news
MoreCrypto prices
More








