Bitcoin price on exchanges for the first time since March exceeded $ 9 400
The rise in the price of bitcoin continues. As a result of another breakthrough today at about 09:00 Moscow time on large exchanges, the value was in the range of $ 9,400 – $ 9,500.
Thus, bitcoin has already surpassed the March indicators and is at the levels of the end of February. During the day, the growth was about 20%. 24 hours ago, the cryptocurrency was trading in the region of $ 7,900.
Derivative traders seem to prefer not to resist the upward movement, due to which there are fewer and fewer mass liquidations, for example, on BitMEX.
On the contrary, in dollars, open interest is growing, which reflects the desire of traders to join the buy side or keep existing positions. The same factor, however, increases the risks of a rapid fall as a result of squeezing long positions..
Since the collapse below $ 4,000, the price of bitcoin has risen by 150%. As a result, CEO Nugget notes&# 039; s News Alex Saunders, Bitcoin Took Top in ROI YTD.
Bitcoin – orange, gold – yellow, US government bonds – black, S&P 500 – blue
This idea was further developed by Glassnode analysts in a tweet: “In general, the bitcoin market is now in a more profitable state than before the collapse of the rate, indicating that investors are buying cryptocurrency at lows. After overcoming the $ 8,300 mark, 73% of the turnover volume turned out to be “positive”, which is 9% more than the previous time when the price was at this level. “.
Altcoins have yet to support the Bitcoin rally. Having added 7-10% to the US dollar over the last day, they lost the same amount relative to bitcoin.