The world’s largest cryptocurrency Bitcoin has gained 2.15% to rise over the previous day and cross the psychological $93,000 level, amid “bullish ETF inflows, technical breakout signals, and improving market sentiment”, according to CoinMarketCap data.
At 8.35 am, data showed the token at $93,104.09, up from early morning numbers at $92,700 levels.
According to The Kobeissi Letter, as many as $75 million worth of levered shorts at liquidated in 60 minutes, taking the token up close to $5,000 since its low on 2 January (Friday) after the US began strikes on Venezuela.
Cryptocurrency market today: Market cap over $3 trillion
Data on CoinMarketCap showed the crypto market capitalisation on 5 January at $3.16 trillion, with volume of $90.32 billion. Further, the greed and fear index was at ‘neutral’.
Among the tokens, Bitcoin maintained its dominance over 58.7% of the crypto market, followed by second largest crypto Ethereum with 12.2%, and all other tokens comprising 29.2% of the pie.
(This is a breaking story, more updates to come…)
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