By Bitcoin’s price is rising strongly, reaching over $60,000 again. This is the first time since November 2021, when it reached $69,000.
Bitcoin’s control over other cryptocurrencies has been growing recently. It’s now more than 50% on CoinGecko, up from 48% last week.
CryptoPotato reported today that Bitcoin (BTC) made big moves recently. It surged from $51,000 to $59,000 in just two days.
However, this didn’t prevent the cryptocurrency from continuing to rise. Just minutes ago, it increased by another $1,500 and went above $60,000 for the first time since late November 2021.
Bitcoin (BTC) is still above $60,000 after reaching a high point of $60,600, the highest in several years. This big increase has made investors very greedy, changing how they feel about the market.
With a halving coming soon and considering Bitcoin’s past performance after each one, people are guessing how high its price will go this time. Just yesterday, experienced trader Peter Brand reduced his prediction to $200,000.
Bitcoin’s control over the cryptocurrency market has surged in the last few days. It’s now at 50.3% on CoinGecko and 52.7% on CoinMarketCap. Last week, this number dropped to 48% and then to 49.9%.
According to CoinGlass data, the total value of positions that got closed out in a day has gone up to $315 million. The majority of these were short positions. Around 100,000 traders got closed out, and the biggest position was on Bitmex, worth $8.3 million.
