{"id":291286,"date":"2023-02-16T22:01:59","date_gmt":"2023-02-16T16:31:59","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=291286"},"modified":"2023-02-16T22:50:17","modified_gmt":"2023-02-16T17:20:17","slug":"bitcoin-btc-breaks-25k-mark-a-day-after-breaching-24k","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/bitcoin-btc-breaks-25k-mark-a-day-after-breaching-24k\/","title":{"rendered":"Bitcoin (BTC) breaks $25k mark, a day after breaching $24k"},"content":{"rendered":"<ul>\n<li><em>Bitcoin breached the $25,000 mark for the first time since June 2022<\/em><\/li>\n<li><em>The coin has maintained the upward momentum, which it gained yesterday after breaking past the $24,000 level<\/em><\/li>\n<\/ul>\n<p>Bitcoin (BTC), the king coin, has broken another level within a span of 24 hours. The largest cryptocurrency by market cap breached the $25,000 mark, a day after the coin broke another key level. The coin reached a high of $25,256 on Coinbase, as per the data presented on Trading View. The coin&#8217;s price has retracted ever since it peaked at this level.<\/p>\n<hr \/>\n<p style=\"text-align: center;\">Read <a href=\"http:\/\/ambcrypto.com\/predictions\/bitcoin-price-prediction\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Bitcoin\u2019s [BTC] Price Prediction<\/a> 2023-24<\/p>\n<hr \/>\n<p>According to CoinMarketCap, Bitcoin was trading at $24,790 at press time and saw an uptrend of over 8% in the past 24 hours. The cryptocurrency registered a market cap of over $482 billion and had a market dominance of 42.8%.<\/p>\n<figure id=\"attachment_291337\" aria-describedby=\"caption-attachment-291337\" style=\"width: 1086px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"wp-image-291337 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/02\/BTCUSD_2023-02-16_16-29-44.png\" alt=\"Bitcoin (BTC) price | TradingView\" width=\"1086\" height=\"660\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/02\/BTCUSD_2023-02-16_16-29-44.png 1086w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/02\/BTCUSD_2023-02-16_16-29-44-300x182.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/02\/BTCUSD_2023-02-16_16-29-44-1024x622.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/02\/BTCUSD_2023-02-16_16-29-44-768x467.png 768w\" sizes=\"(max-width: 1086px) 100vw, 1086px\" \/><figcaption id=\"caption-attachment-291337\" class=\"wp-caption-text\">Bitcoin (BTC) price | TradingView<\/figcaption><\/figure>\n<p>Notably, the current level of Bitcoin was last seen in June 2022. Additionally, the coin added the additional numbers just a day after it swung past $24,000, a level first seen since August last year.<\/p>\n<p>Speaking about the new breach, Cameron Winklevoss, co-founder of Gemini, stated that Bitcoin&#8217;s price levels have surpassed the lows it registered post-FTX collapse in November 2022. At the time, the king coin saw a sharp decline, with BTC&#8217;s price collapsing from the $20k level to the $15k level within a few days. Winklevoss said,<\/p>\n<blockquote><p>&#8220;Bitcoin just broke 25k, price levels well above pre-FTX collapse. A clear signal that our industry is moving beyond this painful chapter \u2014 we will not be defined by it. We are back to building the future.&#8221;<\/p><\/blockquote>\n<h4><strong>Bitcoin short holders take the losing end<\/strong><\/h4>\n<p>The coin&#8217;s rise in the market has left Bitcoin&#8217;s short traders on the losing end of the stick. According to <a href=\"https:\/\/www.coinglass.com\/LongShortRatio\" target=\"_blank\" rel=\"noopener\">Coinglass<\/a>, the ratio of long\/short positions for BTC saw the long position holders topple the short position holders. The ratio was at 1:16, with over 53% of traders taking a long position, and over 46% of traders still holding a short position.<\/p>\n<figure id=\"attachment_291343\" aria-describedby=\"caption-attachment-291343\" style=\"width: 1370px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"wp-image-291343 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/02\/bybt_chart-6.png\" alt=\"BTC Long\/Short Ratio | Coinglass\" width=\"1370\" height=\"300\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/02\/bybt_chart-6.png 1370w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/02\/bybt_chart-6-300x66.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/02\/bybt_chart-6-1024x224.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/02\/bybt_chart-6-768x168.png 768w\" sizes=\"(max-width: 1370px) 100vw, 1370px\" \/><figcaption id=\"caption-attachment-291343\" class=\"wp-caption-text\">BTC Long\/Short Ratio | Coinglass<\/figcaption><\/figure>\n<p>Moreover, over $7 million was liquidated in the past hour. And, the total liquidation of short positions as of February 16 was $26.81 million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin breached the $25,000 mark for the first time since June 2022 The coin has maintained the upward momentum, which it gained yesterday after breaking past the $24,000 level Bitcoin (BTC), the king coin, has broken another level within a span of 24 hours. The largest cryptocurrency by market cap breached the $25,000 mark, a<a href=\"https:\/\/ambcrypto.com\/bitcoin-btc-breaks-25k-mark-a-day-after-breaching-24k\/\">Continue reading <span class=\"sr-only\">&#8220;Bitcoin (BTC) breaks $25k mark, a day after breaching $24k&#8221;<\/span><\/a><\/p>\n","protected":false},"author":25,"featured_media":291336,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[35,44,66,3,4,20],"tags":[],"class_list":["post-291286","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin-news","category-global-news","category-new-news","category-news","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Bitcoin (BTC) breaks $25k mark, a day after breaching $24k - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Bitcoin (BTC), the king coin, has broken another level within a span of 24 hours. 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