Bitcoin V transfers back to 66,000! Ethereum breaks through $3,900 and hits another 2-year high

Yesterday morning, the price of Bitcoin fell to $59,000 and then began to rebound strongly. Over the next 20 hours, the price continued to fluctuate between $66,000 and $67,000. As of this writing, Bitcoin price is trading at $66,180.

Will Bitcoin hit a new all-time high soon?

Crypto analysis firm Swissblock is bullish on Bitcoin’s strong V-shaped reversal, predicting that BTC will quickly rise back to $67,000 within a day, and may reach new all-time highs again.

Bitcoin successfully retested the $59,000 to $62,000 price range after yesterday’s plunge. Bitcoin just broke out to new all-time highs after consolidating in this price area for a week.

According to data provided by Swissblock, Bitcoin quickly rebounded to above $62,000, indicating that a new round of rising prices has begun, and the expected target will point to the price of $76,000.

Ethereum once exceeded 3,900 US dollars

As for Ethereum (ETH), the increase was even more dramatic. After the highest price exceeded 3,900 US dollars last night (to A new high since January 2022), currently trading at $3,839 at the time of writing, up 7.64% in the past 24 hours.

The top ten tokens generally fell

CoinMarkeCap ​​data shows that the top ten currencies have all risen in the past 24 hours. The biggest gains are BNB and SOL, which have increased by more than 9% and SOL respectively. 8%, and other tokens also have an increase of about 1~8%.

The entire network liquidated $340 million in the past 24 hours

Although the fluctuations are less severe than yesterday, with Bitcoin’s strong rebound, according to Coinglass data, in the past 24 hours , the liquidation amount of the entire cryptocurrency network still exceeds 340 million US dollars, and more than 107,000 people have been liquidated, killing both longs and shorts.

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