Bitcoin (BTC) saw its price recover above $49,700 on the evening of Feb. 13 — closing in on its earlier daily high.
As of 9:50 pm UTC, Bitcoin was priced at $49,726. Though Bitcoin is down 0.4% over 24 hours, that price represents 0.7% growth over 1 hour and 2.8% growth from its daily low.
Bitcoin’s $49,726 price notably represents a partial recovery to $50,000, a milestone it surpassed on Monday for the first time since December 2021. After touching $50,240 for the last time at 10:00 a.m., BTC fell by 3.7% to $48,385 over several hours.
Bitcoin responsible for 43% of hourly liquidations
Bitcoin was responsible for much of the crypto market’s $6.48 million liquidations over the past hour. BTC’s $2.81 million in liquidations accounted for about 43% of that total, while Ethereum’s $1.83 million accounted for another 28%.
The overall total is largely made up of short liquidations. Short liquidations accounted for $6.24 million, while long liquidations accounted for the remaining $227,000.
Liquidation data via Coinglass
Bitcoin ETF volume reached $1.93B
Finally, the Bitcoin ETF market saw $1.93 billion in volume today. Spot Bitcoin ETFs (as opposed to Bitcoin futures ETFs) accounted for $1.56 billion of that volume. Funds from Grayscale, BlackRock (iShares), and Fidelity reported the three largest volumes.
Bitcoin ETF data via Coinglass
The post Bitcoin recovers to $49.7k after failing to find support above $50k appeared first on CryptoSlate.
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Bitcoin (BTC) $ 117,866.00
Ethereum (ETH) $ 2,993.75
XRP (XRP) $ 2.76
Tether (USDT) $ 1.00
BNB (BNB) $ 690.53
Solana (SOL) $ 166.21
USDC (USDC) $ 0.999894
Dogecoin (DOGE) $ 0.201447
TRON (TRX) $ 0.297500
Lido Staked Ether (STETH) $ 2,993.24
Cardano (ADA) $ 0.747370
Hyperliquid (HYPE) $ 45.72
Wrapped Bitcoin (WBTC) $ 117,603.00
Wrapped stETH (WSTETH) $ 3,615.83
Sui (SUI) $ 3.53
Chainlink (LINK) $ 15.66
Stellar (XLM) $ 0.339942
Bitcoin Cash (BCH) $ 527.17
Avalanche (AVAX) $ 21.25
Hedera (HBAR) $ 0.205460
LEO Token (LEO) $ 8.97
Wrapped eETH (WEETH) $ 3,209.51
Shiba Inu (SHIB) $ 0.000014
Toncoin (TON) $ 2.99
WETH (WETH) $ 2,995.22
Litecoin (LTC) $ 96.60
USDS (USDS) $ 0.999795
WhiteBIT Coin (WBT) $ 46.73
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999702
Polkadot (DOT) $ 4.03
Coinbase Wrapped BTC (CBBTC) $ 118,061.00
Monero (XMR) $ 325.41
Pepe (PEPE) $ 0.000013
Uniswap (UNI) $ 8.89
Ethena USDe (USDE) $ 1.00
Bitget Token (BGB) $ 4.54
Aave (AAVE) $ 309.97
Pi Network (PI) $ 0.491318
Bittensor (TAO) $ 395.03
Dai (DAI) $ 0.999615
Aptos (APT) $ 4.98
NEAR Protocol (NEAR) $ 2.61
Ethena Staked USDe (SUSDE) $ 1.18
Cronos (CRO) $ 0.098489
OKB (OKB) $ 49.91
Internet Computer (ICP) $ 5.51
Ondo (ONDO) $ 0.924361
Jito Staked SOL (JITOSOL) $ 201.81
Ethereum Classic (ETC) $ 18.72
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00