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Bitcoin touches the level of 24 thousand dollars, and Ethereum maintains the level of 1500 dollars

Bitcoin touches the level of 24 thousand dollars, and Ethereum maintains the level of 1500 dollars

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Answer Bitcoin touches the level of 24 thousand dollars, and Ethereum maintains the level of 1500 dollars

Although the price of Bitcoin has been lagging over the past few days compared to Ethereum and some other altcoins, the larger cryptocurrency has come to grips with the situation in the past 24 hours.

The bitcoin price rose more than 7.6% and touched the $24,000 level.

Bitcoin rises about 24 thousand dollars:

Over the past 24 hours, Bitcoin has finally caught up with Ethereum, rising over 7.6%.

This resulted in Bitcoin touching the $24,000 level before bouncing back to where it is currently trading at $23,500.

Currently, Bitcoin is still trying to break through the predetermined range.

Read:Cardano-based crypto project “Revuto” completes $1.7 million funding round

To do this, it must remain above the $22,500 level.

If this works, it could potentially open the way for Bitcoin price to head towards $27,000 or more.

Anyway, the cryptocurrency managed to close seven out of the eight daily candles in green.

Today, Bitcoin will record its eighth candle, if it remains positive.

The increased volatility has also caused a lot of trades to be liquidated in the last 24 hours.

In total, reach The value of the liquidated positions is just under $300 million, $160 million of which was for Bitcoin.

The largest single liquidation order occurred on the FTX trading platform, a permanent Bitcoin contract with a face value of $3.24 million.

Ethereum maintains the $1500 level:

Meanwhile, the Ethereum rally that we saw over the past week appears to have slowed.

This is to be expected, given that the cryptocurrency increased by 50% in just seven days.

Over the past 24 hours, the price of Ethereum has increased by 1.6% and is still trading above $1,500.

Read:Copying the digital currency “Dogecoin” is used to attract “stupid money”, which is the reason for the decline of Bitcoin!

Meanwhile, the cryptocurrency Fear and Greed Index shows that the market is currently in a state of fear, an improvement over the previous phase of intense fear.

In fact, the last time market sentiment was this high was last April 10th.

Read also:

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