Oh, what a jolly spectacle! The grand old cryptocurrency, Bitcoin, is waltzing ever closer to the magical $90,000, twirling just below that delightful target with a cheeky grin at over $88,000 all day long! 💃🤑
The Bullish Wave: Surfing Toward $90K!
In a jubilant strut, Bitcoin ( BTC) has danced its way past $88,000, building itself a cozy nest right near the coveted $90,000 mark since bullish vibes struck just over the weekend. As of this tick-tock, BTC flaunts a dazzling value of $88,147.25, boasting a sprightly 3.56% leap in the last 24 hours and a cheeky 5.73% hop in the past week. It’s been squabbling within a daily range of $84,832.16 to $88,758.73, which is like a rollercoaster for the thrill-seekers! 🎢
Bitcoin Market Follies
- 24-hour Trading Ruckus: $27.65 billion, bounding up by a staggering 154.27% in the last day! Quite the dance-off from the typical weekend slump, I must say!
- Market Capitalization: A whopping $1.74 trillion, climbing high by 3.51% in the blink of an eye.
- BTC Dominance: 61.70%, slightly drooping by 0.07% over the same giggly period.
- BTC Futures Open Carnival: $58.44 billion, rising by 8.92% in the last 24 hours, with institutional and retail investors chuckling with glee.
- Bitcoin Liquidation Circus: $106.78 million in total, featuring $13.55 million in long liquidations and a whopping $93.23 million in shorts! Looks like the bears got a rude awakening! 🐻💥
Market Drivers: Geoffrey Kendrick’s Whimsical Wordplay
Now, Geoffrey Kendrick, the cheerleader for digital assets over at Standard Chartered, thinks Bitcoin’s about to make its triumphant dash past $90,000 this week. Yes, sir! 🤩
Kendrick ponders Bitcoin’s dual role in the financial circus, saying it serves both as a shield against TradFi woes and as a doppelgänger for tech stocks—what a peculiar combination! 🎭
“In the medium term, I see Bitcoin as a sophisticated hedge against TradFi troubles,” Kendrick exclaimed. “But in the short term, it jiggles and dances just like the Nasdaq!”
His crystal ball predicts Bitcoin will perform splendidly this week due to:
- Tariff Tango: The White House is said to simplify its tariff announcement, leaving some trading partners in a tizzy but softening the overall impact. Phew!
- Nasdaq’s Comeback Kid: The first quarter of 2024 was as dreary as a rainy day, setting the stage for a robust rebalancing. Investors might just pile up on those tech stocks, giving Bitcoin a leg-up! 🪴
With all these marvelous rumbles and grumbles, Kendrick expects a delightful week for Bitcoin and its merry crypto friends, all eyes on the shiny $90,000 prize! 🍬🤹♂️
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2025-03-24 20:27