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On the night of February 27, Bitcoin jumped above $57,000

Bitcoin: On the night of February 27, Bitcoin jumped above $57,000

On the night of February 27, 2024, the value of bitcoin rose significantly to over $57,000. Currently, this major digital currency is trading at nearly US$56,800.

As bitcoin has grown, the dominance of this asset has increased to 53.49%. In addition, the market #cryptocurrency's market #capitalization has surpassed $2 trillion.

In addition, all major crypto assets by market capitalization were in plus. Bitcoin showed the largest daily gain, reaching 9.10%.

On the night of February 27, Bitcoin jumped above $57,000
Bitcoin to USDT exchange rate. Source: TradingView

It is worth noting that CoinGlass reports that futures contracts worth about $380 million were liquidated between February 26 and 27.

Over the past 24 hours, the Fear and Greed Index has risen 6 points.

On the night of February 27, Bitcoin jumped above $57,000
Fear and Greed Index. Source: CoinStats.

It's worth noting that analysts at QCP Capital previously suggested that the price of #bitcoin could reach an all-time high by the end of March 2024.

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