Bitcoin exchange rate reached its highest value since August

For the first time since last August, Bitcoin’s value rose above $24,000. Also, the “Fear and Greed” index increased by 4 points during the day and reached the mark of 60 points.
Bitcoin exchange rate reached its highest value since August

On February 2 Bitcoin rate reached $24.1 thousand, which is the maximum since August 15, 2022. The first cryptocurrency rose in price by 2.8% over a day. Now, according to Coingecko, the cryptocurrency is trading at $23.74 thousand.

The market capitalization of BTC now stands at $458 billion, which is 40.6% of the entire cryptocurrency market. The daily trading volume is $41.8 billion.

In addition to Bitcoin, other altcoins increased in price. Ethereum rose in price by 5.6% and reached $1,660, BNB grew by 6.9% to $322, Cardano by 5%, reaching a value of $0.4, Polygon increased by 12.2%, reaching a value of $1.24.

According to CoinGlass, cryptocurrency exchanges liquidated positions worth more than $137 million. $38.8 million was sold in pairs with Bitcoin, $34.5 was sold with Ethereum. Th​is information is from platform CryptoDeFix. The largest liquidation took place on the Bybit exchange, where $1.69 million was sold on the BTC/USD pair.

Mentioned projects

Bitcoin The first and most popular cryptocurrency.
The first and most popular cryptocurrency.
Ethereum Most flexible cryptocurrency, which ranks second most popular and the most revolutionary one in the world.
Most flexible cryptocurrency, which ranks second most popular and the most revolutionary one in the world.
Polygon (MATIC) A protocol for creating and scaling Ethereum-based projects.
A protocol for creating and scaling Ethereum-based projects.
Cardano (ADA) A blockchain platform for running DAaps and multi-party computing.
A blockchain platform for running DAaps and multi-party computing.
Bybit Cryptocurrency exchange with derivatives trading capabilities.
Cryptocurrency exchange with derivatives trading capabilities.
Binance Smart Chain A blockchain platform for creating DApps.
A blockchain platform for creating DApps.
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