Bitcoin’s Market Cap Jumps to $1.4T, Surpassing Silver

Bitget App

Trade smarter

Bitget2024/03/12 04:48

By:Bitget

Bitcoin jumped to a record high on Monday, fuelled by continued positive momentum of the spot ETFs. Less activities took place over the weekend, and the amount of long liquidations is double that of short for BTC and triple for ETH. Bitcoin continues to rise in the ranks of top assets by market cap, pushing past silver to become the world's eighth most valuable property.

With a 4% advance to an all-time high past $72,000 in the morning hours of U.S. trading, BTC valuation shot to $1.42T, above that of sliver at $1.387T, according to CompaniesMarketCap. This rally is fueled by the positive momentum of spot Bitcoin ETFs, with the London Stock Exchange deciding to accept applications for BTC and ETH exchange-traded notes (ETNs) on Monday.

Source: CoinDesk

Futures Market Updates

BTC pushed through $70K to make a new ATH at $72K and ETH smashed $4K, once again bringing up the funding rates.

Bitcoin Futures Updates

Total BTC Open Interest: $35.66B (+7.72%)

BTC Volume (24H): $110.20B (+61.96%)

BTC Liquidations (24H): $16.83M (Long)/$80.90M (Short)

Long/Short Ratio: 51.51%/48.49%

Funding Rate: 0.0652%

Ether Futures Updates

Total ETH Open Interest: $13.64B (+3.91%)

ETH Volume (24H): $46.11B (+42.71%)

ETH Liquidations (24H): $7.46M (Long)/$25.74M (Short)

Long/Short Ratio: 50.88%/49.12%

Funding Rate: 0.0669%

Top 3 OI Surges

RACA: $7.36M (+202.92%)

CELO: $63.71M (+122.41%)

JST: $3.73M (+97.55%)

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: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

This article will review Ethereum's recent performance, provide an in-depth analysis of the current bullish and bearish factors facing Ethereum, and look ahead to its prospects and trends for the end of this year, next year, and the medium to long term. The aim is to help ordinary investors clarify uncertainties, grasp trends, and provide some reference to support more rational decision-making during key turning points.

深潮•2025/11/23 19:21

Hotcoin Research | Fusaka Upgrade Approaching: Analysis and Outlook on Ethereum Long and Short Positions

Crypto Market Surges as Bitcoin Rebounds and Privacy Coins Shine

In Brief Bitcoin rebounded over the weekend, testing the $86,000 mark. Privacy-focused altcoins Monero and Zcash showed notable gains. Total market value surged, crossing the $3 trillion threshold again.

Cointurk•2025/11/23 18:45