Bitcoin Broke Through US$64K, Ethereum US$3.5K

Bitget App

Trade smarter

Bitget2024/03/04 05:07

By:Bitget

In the past 24 hours, BTC rose 3.47% to break through US$64,000. ETH gained 2.57% to cross US$3,500. Coinglass shows that in the past 24 hours, US$328.66 million has been liquidated, including US$207.39 million in long order. A total of 131,162 people have been liquidated.

Bitcoin Broke Through US$64K, Ethereum US$3.5K image 0

Source: Coinglass

The U.S. dollar drifted weaker on Monday, pressured by lower Treasury yields, as traders waited for more crucial economic data for fresh clues on the timing of Federal Reserve interest rate cuts. The euro was firm following Friday's 0.33% advance, with a European Central Bank policy decision looming on Thursday. The yen stuck near the closely watched 150 per dollar level, as investors tried to assess whether the Bank of Japan's exit from its negative interest rate policy could happen as soon as this month.

Source: Yahoo Finance

Futures Market Updates

There's no significant difference in the Long/Short ratio in Bitcoin and Ethereum futures markets, but Longs are paying real high funding rates for Shorts.

Bitcoin Futures Updates

Total BTC Open Interest: $28.70B (+5.43%)

BTC Volume (24H): $66.21B (+64.24%)

BTC Liquidations (24H): $22.93M (Long)/$38.69M (Short)

Long/Short Ratio: 50.84%/49.16%

Funding Rate: 0.0793%

Ether Futures Updates

Total ETH Open Interest: $11.60B (+1.27%)

ETH Volume (24H): $29.16B (+59.44%)

ETH Liquidations (24H): $13.92M (Long)/$19.28M (Short)

Long/Short Ratio: 50.95%/49.05%

Funding Rate: 0.0627%

Top 3 OI Surges

NFT: $1.35M (+156.95%)

GLM: $1.26B (+112.68%)

RATS: $30.73M (+87.10%)

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.

APR up to 10%. Always on, always get airdrop.

Lock now!

President Trump on Saturday signed an executive order imposing 25% tariffs on imports from Canada and Mexico, with a 10% tariff on Canadian energy and oil, and an additional 10% tariff on China.The implementation of the tariffs was delayed to Tuesday at 12:01 am.Mexico’s President Sheinbaum announced the country would implement both tariff and non-tariff retaliatory measures, while Canadian PM Trudeau said Saturday night Canada would implement 25% tariffs on a swath of American goods in response.

The Block•2025/02/02 02:55

The United States announces a 10% tariff increase on Chinese goods

Bitget•2025/02/02 00:36

Stablecoin Expansion to Drive the Next Crypto Rally as Market Cap Hits $200B: CryptoQuant

Stablecoin liquidity has increased, surpassing $200B in total market cap. USDT and USDC lead the expansion, signaling potential market shifts. Analysts say this trend could impact Bitcoin and crypto prices.

CryptoNews•2025/02/01 23:00