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Bitcoin Trend | Energy Prices Rise, Bitcoin Stabilizes at $71,000
Geopolitical tensions and rising energy prices have kept Bitcoin steady at around $71,000.
According to CoinDesk quotes, Bitcoin reached a 24-hour high of $71,925 and is currently trading at $71,400, up 2.32%. Ethereum is at $2,098, up 2.88%, and Dogecoin has increased by 3.79%.
Data from cryptocurrency analytics platform CoinGlass shows that over 75,000 traders were liquidated in the past 24 hours, involving a total of $247 million. Analysts say that if Bitcoin breaks through the $78,000 to $80,000 range, it could signal a change in the long-term trend.