Ethereum

Rally

Solana

Bitcoin

On February 28 2024, the market value of <a href="https://optimisus.com/news/crypto-news/crypto-markets-sees-over-150-billion-inflow-as-bitcoin-price-soars-above-57k/" rel="noopener noreferrer nofollow">Bitcoin (BTC)</a> had risen to $1.2 trillion, up 6.5% in the last 24 hours, and the price had soared above $61,000.  
This comes as the combined trading volumes of almost $3 billion propelled the price increase on Tuesday, and several traders pointed to the bitcoin halving event as a fresh narrative that caused a rally before the halves.  
Since the early hours , over $40 million worth of future bets on lower Bitcoin prices have been liquidated, which could have contributed to the price increase. Since then major tokens such as XRP, Solana (SOL), and Ethereum (ETH) have gained up to 5%.  
Additionally, an indication of extreme greed, the fear and greed index hit an all-time high of 82, its highest level in more than a year.  
Crypto community is unconcerned, with some traders predicting that March will see <a href="https://optimisus.com/news/crypto-news/bitcoin-etfs-see-over-570m-boost-marking-a-surge-in-crypto-investment-confidence/" rel="noopener noreferrer nofollow">BTC price</a> rise above $69,000, its previous high. 
The post <a href="https://optimisus.com/news/crypto-news/bitcoin-btc-surges-above-61000-as-bull-rally-continues/" rel="noopener noreferrer nofollow">Bitcoin (BTC) Surges Above $61,000 as Bull Rally Continues</a> appeared first on <a href="https://optimisus.com" rel="noopener noreferrer nofollow">Optimisus</a>.

Bitcoin (BTC) Surges Above $61,000 as Bull Rally Continues

Optimisus

Other articles published on Feb 28, 2024

Surge in Meme Coin FLOKI Attracts Market Attention

Dogecoin Price: Why DOGE Could Be 2024’s Monumental Meme Coin Performer

Bitcoin Crosses $59,000 In Surprise Pre-Halving Rally

Yellow.ai Launches AI-Powered Email Automation for Enhanced Customer Support

Shiba Inu Critical Security Warning Issued to SHIB Holders: Details

Is Shiba Inu Price Heading to $0.000012? This Chart Pattern Hints End-of-Correction

Join our free newsletter for daily crypto updates!