Bitcoin Soars to $69K: Key Market Movements and What They Mean
Bitcoin (BTC) surged past $69,000 on Sunday, reaching an intraday peak of $69,363. Over the past week, BTC has gained 9.3%, marking a 63% increase since the beginning of the year and a remarkable 132% rise over the last 12 months. The global crypto trading volume stands at $71.30 billion, with BTC accounting for $15.25 billion.
This is the first time BTC has approached these levels since late July 2024, when it fell sharply to $49,577 in early August. This time, BTC climbed steadily to $69,000 with only $117.7 million in liquidations across the crypto derivatives markets, lagging behind liquidations in apecoin (APE) and ethereum (ETH).
In South Korea, BTC trades at a slightly lower price of $68,809 on Upbit, while it remains above $69,000 in other markets.
Clever Robot News Desk 22th October 2024
