Dogecoin

bullish

Donald Trump

Bitcoin

The global digital asset market printed green indexes all around as Bitcoin (BTC) regained the crucial $60,000 level. The return of bulls has helped the biggest crypto to surge by over 12% in the last 7 days, while bears’ estimates failed heavily. 
The cumulative crypto cap surged by more than 3% over the last day to stand at $2.11 trillion. The biggest of the altcoins like Ether (ETH) and Dogecoin (DOGE) recorded a gain of 3% and 5%, respectively, in the last 24 hours. However, the fear and greed index flashed a “Neutral” sentiment signal with 50 points, rebounding from the fear zone. 
<h3 id="span-style-font-weight-400-bitcoin-bears-bleed-span">Bitcoin bears bleed</h3> 
As per the <a href="https://www.coinglass.com/LiquidationData" rel="nofollow noopener" target="_blank">data shared</a> by Coinglass, more than 35K traders betting on the different crypto price actions got liquidated in the last 24 hours. The total liquidations come in at $127.96 million, while the largest single liquidation order was executed on the largest crypto exchange, <a href="https://www.cryptopolitan.com/binance-launchpool-adds-hamster-kombat-ahead-of-token-launch/">Binance</a> of BTC/USDT, worth $14.18 million. 
Alone Bitcoin saw $53.5 million worth of liquidation in the past 24 hours. Over $48.67 million worth of liquidated bets (90%) turned out to be short positions set by the traders on <a href="https://www.cryptopolitan.com/binance-coin-price-prediction/">Bitcoin price</a> performance. This suggests that bears were hoping for BTC to continue on its downward trend, meanwhile, the biggest crypto breached the $60K mark. 
<figure id="attachment_587579" aria-describedby="caption-attachment-587579" style="width: 100%" class="wp-caption alignnone">
 <img loading="lazy" decoding="async" class="wp-image-587579 size-full" src="https://www.cryptopolitan.com/wp-content/uploads/2024/09/Bitcoin-liq-14-sep.jpg" alt="" width="977" height="527" srcset="https://www.cryptopolitan.com/wp-content/uploads/2024/09/Bitcoin-liq-14-sep.jpg 977w, https://www.cryptopolitan.com/wp-content/uploads/2024/09/Bitcoin-liq-14-sep-300x162.jpg 300w, https://www.cryptopolitan.com/wp-content/uploads/2024/09/Bitcoin-liq-14-sep-768x414.jpg 768w" sizes="(max-width: 977px) 100vw, 977px">
 <figcaption id="caption-attachment-587579" class="wp-caption-text">
 Source: SoSoValue
 </figcaption>
</figure> 
The biggest crypto price dropped below the $57K level following the US Presidential <a href="https://www.cryptopolitan.com/trump-harris-debate-tie-crypto-unmentioned/">debate</a> between Donald Trump and Kamala Harris. Bitcoin price jumped by more than 4% over the last 24 hours, clearing the losses seen in the longer time frame. BTC is trading at an average price of $60,307 at press time. Its 24-hour trading volume jumped by 5% to stand at $32.5 billion. 
<h3 id="span-style-font-weight-400-btc-etfs-post-263m-inflow-span">BTC ETFs post $263M inflow</h3> 
BTC linked <a href="https://www.cryptopolitan.com/bitcoin-etfs-rebound-ether-trouble/">ETFs</a> also reflected bullish sentiments returning to the market as they posted an inflow of massive $263 million on September 13. These funds have managed to maintain the green index for the second consecutive day after witnessing an outflow of $43.97 on September 11. 
MicroStrategy (MSTR) just made another big Bitcoin move by accumulating $1.1 billion worth of Bitcoin, sending its stock soaring 8% on Friday. MSTR share price has risen by 18% in the last 5 days as it closed trading at $141.4 on Friday. 
Its founder, Michael Saylor, revealed that MicroStrategy’s average Bitcoin purchase price over the last four years stood at $38,585 per coin. The company now holds 244,800 BTC, worth $14.6 billion. He introduced the BTC yield metric, showing a 17% increase in shareholder value from selling stock to buy Bitcoin.

Are Bitcoin bulls back? BTC regains $60K

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