Bitcoin traded as high as $92,804.94 over the past 24 hours, influenced by global economic developments and anticipation of the upcoming White House Crypto Summit.
In the last 24 hours, bitcoin traded between $87,599.07 and $92,804.94. It stands at $90,700.79 at the time of reporting, marking a 2.38% increase since yesterday and a 6% rise over the past week.
The 24-hour trading volume decreased by 20.53% to $46.02 billion, while the market capitalization grew by 2.52% to $1.8 trillion. Bitcoin’s market dominance declined slightly by 0.33% to 61.40%.
Total bitcoin futures open interest rose by 2.96% to $50.90 billion, with liquidations totaling $97 million. $45.72 million of that was from long positions and $51.28 million from short positions.
China’s recent economic stimulus measures aim to bolster domestic consumption and counteract trade tensions with the U.S. The government has expanded a consumer goods trade-in scheme and increased subsidies for digital purchases to revive domestic demand.
Additionally, China unveiled a 10 trillion yuan ($1.4 trillion) debt package last November to ease local government financing strains and stabilize economic growth.
These measures are expected to have a positive impact on global markets, including cryptocurrencies.
The inaugural White House Crypto Summit, scheduled for March 7, will bring together industry leaders to discuss regulations, stablecoin oversight, and potential crypto reserve policies in the U.S. financial system. This event has generated optimism within the crypto community, contributing to bitcoin’s recent price appreciation.
Bitcoin’s recent price movements reflect a market responsive to global economic policies and regulatory developments. The outcomes of China’s stimulus efforts and the White House Crypto Summit will likely influence bitcoin’s trajectory in the short to medium term. Investors should monitor these events closely, as they may present both opportunities and risks in the evolving cryptocurrency landscape.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
