{"id":1550,"date":"2024-02-28T19:59:07","date_gmt":"2024-02-28T19:59:07","guid":{"rendered":"https:\/\/stoxpo.com\/?p=1550"},"modified":"2024-03-02T02:30:55","modified_gmt":"2024-03-02T02:30:55","slug":"bitcoin-surges-above-63000-eyes-all-time-high","status":"publish","type":"post","link":"https:\/\/stoxpo.com\/index.php\/2024\/02\/28\/bitcoin-surges-above-63000-eyes-all-time-high\/","title":{"rendered":"Bitcoin Surges Above $63,000, Eyes All-Time High"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Bitcoin (BTC) experienced a remarkable surge on Wednesday, surpassing the $63,000 mark for the first time since November 2021.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to Coin Metrics, the price of the leading cryptocurrency soared by 5.5% to $60,141.48, briefly touching $64,000 before retracing. It currently hovers just below its record high of $68,982.20.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The cryptocurrency market witnessed significant volatility, with both bulls and bears facing sharp price swings. Over the past 24 hours, centralized exchanges saw approximately $178 million in short liquidations and about $83.5 million in long liquidations, as reported by CoinGlass. These figures indicate the challenges traders encounter when using leverage to bet on bitcoin&#8217;s direction.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">With the all-time high within reach, market sentiment remains bullish. Bitcoin has surged nearly 20% this week alone, marking a resurgence after a brief pause in this year&#8217;s rally. Its year-to-date gains now exceed 40%.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Antoni Trenchev, cofounder of crypto exchange Nexo, anticipates some resistance as bitcoin approaches $69,000. However, breaking through $60,000 is expected to stimulate investor appetite, particularly among retail investors who have been on the sidelines. JPMorgan notes a renewed interest from retail investors in cryptocurrencies this month, following a lull in January.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Investors are optimistic about bitcoin&#8217;s prospects, especially with the recent launch of ETFs making the asset class more accessible to institutional players. Additionally, the upcoming halving event, slated for April, historically precedes significant rallies in bitcoin&#8217;s price, further fueling bullish sentiment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC) experienced a remarkable surge on Wednesday, surpassing the $63,000 mark for the first time since November 2021. According to Coin Metrics, the price of the leading cryptocurrency soared by 5.5% to $60,141.48, briefly touching $64,000 before retracing. It currently hovers just below its record high of $68,982.20. The cryptocurrency market witnessed significant volatility, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1486,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"subtitle":"","format":"standard","video":"","gallery":"","source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"8","single_blog_custom":"","parallax":"1","fullscreen":"1","layout":"right-sidebar-narrow","sidebar":"author","second_sidebar":"single-right","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"0","show_view_counter":"0","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"1","post_reading_time_wpm":"300","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"1","number_popup_post":"1","show_author_box":"1","show_post_related":"1","show_inline_post_related":"0"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"jnews_social_meta":{"fb_title":"","fb_description":"","fb_image":"","twitter_title":"","twitter_description":"","twitter_image":""},"jnews_override_counter":{"override_view_counter":"0","view_counter_number":"0","override_share_counter":"0","share_counter_number":"0","override_like_counter":"0","like_counter_number":"0","override_dislike_counter":"0","dislike_counter_number":"0"},"jnews_post_split":{"enable_post_split":"0","post_split":[{"template":"1","tag":"h2","numbering":"asc","mode":"normal","first":"0","enable_toc":"0","toc_type":"normal"}]},"footnotes":""},"categories":[370],"tags":[],"coauthors":[453],"class_list":["post-1550","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bitcoin Surges Above $63,000, Eyes All-Time High - Stoxpo<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/stoxpo.com\/index.php\/2024\/02\/28\/bitcoin-surges-above-63000-eyes-all-time-high\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Surges Above $63,000, Eyes All-Time High - Stoxpo\" \/>\n<meta property=\"og:description\" content=\"Bitcoin (BTC) experienced a remarkable surge on Wednesday, surpassing the $63,000 mark for the first time since November 2021. According to Coin Metrics, the price of the leading cryptocurrency soared by 5.5% to $60,141.48, briefly touching $64,000 before retracing. It currently hovers just below its record high of $68,982.20. The cryptocurrency market witnessed significant volatility, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/stoxpo.com\/index.php\/2024\/02\/28\/bitcoin-surges-above-63000-eyes-all-time-high\/\" \/>\n<meta property=\"og:site_name\" content=\"Stoxpo\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-28T19:59:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-02T02:30:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/stoxpo.com\/wp-content\/uploads\/2024\/02\/pexels-karolina-grabowska-5980738-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1707\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Liliana Vida\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Liliana Vida\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/stoxpo.com\\\/index.php\\\/2024\\\/02\\\/28\\\/bitcoin-surges-above-63000-eyes-all-time-high\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/stoxpo.com\\\/index.php\\\/2024\\\/02\\\/28\\\/bitcoin-surges-above-63000-eyes-all-time-high\\\/\"},\"author\":{\"name\":\"Liliana Vida\",\"@id\":\"https:\\\/\\\/stoxpo.com\\\/#\\\/schema\\\/person\\\/db8b371dfcaa698eaedb5afa5e713fb1\"},\"headline\":\"Bitcoin Surges Above $63,000, Eyes All-Time High\",\"datePublished\":\"2024-02-28T19:59:07+00:00\",\"dateModified\":\"2024-03-02T02:30:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/stoxpo.com\\\/index.php\\\/2024\\\/02\\\/28\\\/bitcoin-surges-above-63000-eyes-all-time-high\\\/\"},\"wordCount\":228,\"publisher\":{\"@id\":\"https:\\\/\\\/stoxpo.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/stoxpo.com\\\/index.php\\\/2024\\\/02\\\/28\\\/bitcoin-surges-above-63000-eyes-all-time-high\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/stoxpo.com\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/pexels-karolina-grabowska-5980738-scaled.jpg\",\"articleSection\":[\"Bitcoin\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/stoxpo.com\\\/index.php\\\/2024\\\/02\\\/28\\\/bitcoin-surges-above-63000-eyes-all-time-high\\\/\",\"url\":\"https:\\\/\\\/stoxpo.com\\\/index.php\\\/2024\\\/02\\\/28\\\/bitcoin-surges-above-63000-eyes-all-time-high\\\/\",\"name\":\"Bitcoin Surges Above $63,000, Eyes All-Time High - Stoxpo\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/stoxpo.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/stoxpo.com\\\/index.php\\\/2024\\\/02\\\/28\\\/bitcoin-surges-above-63000-eyes-all-time-high\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/stoxpo.com\\\/index.php\\\/2024\\\/02\\\/28\\\/bitcoin-surges-above-63000-eyes-all-time-high\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/stoxpo.com\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/pexels-karolina-grabowska-5980738-scaled.jpg\",\"datePublished\":\"2024-02-28T19:59:07+00:00\",\"dateModified\":\"2024-03-02T02:30:55+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/stoxpo.com\\\/index.php\\\/2024\\\/02\\\/28\\\/bitcoin-surges-above-63000-eyes-all-time-high\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/stoxpo.com\\\/index.php\\\/2024\\\/02\\\/28\\\/bitcoin-surges-above-63000-eyes-all-time-high\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/stoxpo.com\\\/index.php\\\/2024\\\/02\\\/28\\\/bitcoin-surges-above-63000-eyes-all-time-high\\\/#primaryimage\",\"url\":\"https:\\\/\\\/stoxpo.com\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/pexels-karolina-grabowska-5980738-scaled.jpg\",\"contentUrl\":\"https:\\\/\\\/stoxpo.com\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/pexels-karolina-grabowska-5980738-scaled.jpg\",\"width\":2560,\"height\":1707,\"caption\":\"bitcoin-3\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/stoxpo.com\\\/index.php\\\/2024\\\/02\\\/28\\\/bitcoin-surges-above-63000-eyes-all-time-high\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/stoxpo.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin Surges Above $63,000, Eyes All-Time High\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/stoxpo.com\\\/#website\",\"url\":\"https:\\\/\\\/stoxpo.com\\\/\",\"name\":\"Stoxpo\",\"description\":\"Stock Market &amp; 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