{"id":14194,"date":"2024-03-04T14:30:46","date_gmt":"2024-03-04T14:30:46","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=14194"},"modified":"2024-03-04T12:44:43","modified_gmt":"2024-03-04T12:44:43","slug":"bitcoin-price-surpasses-65k-ethereum-exceeds-3500-mark","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/bitcoin-price-surpasses-65k-ethereum-exceeds-3500-mark\/","title":{"rendered":"Bitcoin Price Surpasses $65K, Ethereum Exceeds $3,500 Mark"},"content":{"rendered":"<p data-sourcepos=\"3:1-3:261\">The cryptocurrency market is witnessing a surge, with <strong>Bitcoin<\/strong> (BTC) breaking past $65,000 and Ethereum (ETH) exceeding $3,500.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/bitcoin-price-surpasses-65k-ethereum-exceeds-3500-mark\/#Bitcoins_Record-Breaking_Rally\" title=\"Bitcoin&#8217;s Record-Breaking Rally\">Bitcoin&#8217;s Record-Breaking Rally<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/bitcoin-price-surpasses-65k-ethereum-exceeds-3500-mark\/#Ethereums_Climb_and_the_Dencun_Upgrade\" title=\"Ethereum&#8217;s Climb and the Dencun Upgrade\">Ethereum&#8217;s Climb and the Dencun Upgrade<\/a><\/li><\/ul><\/nav><\/div>\n<h2 data-sourcepos=\"5:1-5:35\"><span class=\"ez-toc-section\" id=\"Bitcoins_Record-Breaking_Rally\"><\/span>Bitcoin&#8217;s Record-Breaking Rally<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-sourcepos=\"7:1-7:327\"><strong>Bitcoin<\/strong> has reached new heights, exceeding the $65,000 mark in February. This surge marks the longest monthly green candle in Bitcoin&#8217;s history, signifying a robust upward trend. <strong>Bitcoin<\/strong>&#8216;s market capitalization has skyrocketed to a staggering $1.244 trillion, solidifying its dominance in the crypto market with a 52.36% share.<\/p>\n<p data-sourcepos=\"9:1-9:405\">Trading activity has also intensified, with daily volume surging by 65.6% to $34.75 billion in the last 24 hours. The <strong>Bitcoin<\/strong> spot ETF market has observed significant inflows, with the iShares <strong>Bitcoin<\/strong> Trust (IBIT) leading the charge with a substantial contribution of $2,050.5 million. However, the Grayscale<strong> Bitcoin<\/strong> Fund (GBTC) experienced contrasting trends, witnessing net outflows of $1,455.7 million.<\/p>\n<blockquote>\n<p data-sourcepos=\"9:1-9:405\">You might like:\u00a0<a href=\"https:\/\/coinengineer.net\/blog\/dtcc-buys-securrency-for-defi-strategy\/\">DTCC Buys Securrency For DeFi Strategy!<\/a><\/p>\n<\/blockquote>\n<p data-sourcepos=\"11:1-11:442\">Analysts attribute this GBTC outflow to recent liquidations by Genesis Global Holdco LLC, reflecting potential shifts in investor sentiment and market dynamics. While <strong>Bitcoin<\/strong> has overcome several support levels, including the crucial $40,000 mark, it now faces resistance at $64,000 and $69,000. Support levels remain at $52,000 and $56,000. Technical indicators suggest that overcoming these resistance levels may require sustained momentum.<\/p>\n<h2 data-sourcepos=\"13:1-13:43\"><span class=\"ez-toc-section\" id=\"Ethereums_Climb_and_the_Dencun_Upgrade\"><\/span>Ethereum&#8217;s Climb and the Dencun Upgrade<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-sourcepos=\"15:1-15:316\">Ethereum has mirrored <strong>Bitcoin<\/strong> &#8216;s positive momentum, experiencing a price surge of over 12% to surpass $3,500. Trading volume has also risen by 43% in the last 24 hours, reaching over $16 billion, indicating robust investor confidence in the platform. The Ethereum community eagerly awaits the upcoming Dencun upgrade.<\/p>\n<p data-sourcepos=\"17:1-17:561\">This highly anticipated upgrade promises to bring significant improvements, including reduced transaction costs and streamlined layer-2 transactions. These advancements have the potential to enhance Ethereum&#8217;s scalability and usability, attracting a wider user base. The Dencun upgrade is expected to significantly lower gas fees on layer-2 networks following the implementation of new settlement contract updates. This development could have a profound impact on the Ethereum ecosystem, potentially fostering increased adoption and utilization of the platform.<\/p>\n<hr \/>\n<div>\n<p data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><em>In the comment section, you can freely share your comments and\u00a0 opinions about the topic. Additionally, don\u2019 t forget to follow us on\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Telegram<\/strong>,\u00a0<\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\"><strong>Twitter<\/strong><\/a> for the latest news and updates.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency market is witnessing a surge, with Bitcoin (BTC) breaking past $65,000 and Ethereum (ETH) exceeding $3,500. Bitcoin&#8217;s Record-Breaking Rally Bitcoin has reached new heights, exceeding the $65,000 mark in February. This surge marks the longest monthly green candle in Bitcoin&#8217;s history, signifying a robust upward trend. Bitcoin&#8216;s market capitalization has skyrocketed to a<\/p>\n","protected":false},"author":1,"featured_media":14195,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[61,552,105],"class_list":["post-14194","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-bitcoin","tag-bitcoin-price","tag-ethereum"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Price Surpasses $65K, Ethereum Exceeds $3,500 Mark - Coin Engineer<\/title>\n<meta name=\"description\" content=\"The cryptocurrency market is witnessing a surge, with Bitcoin (BTC) breaking past $65,000 and Ethereum (ETH) exceeding $3,500.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/bitcoin-price-surpasses-65k-ethereum-exceeds-3500-mark\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Price Surpasses $65K, Ethereum Exceeds $3,500 Mark - 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