It only took 24 hours for BTC to move from 57K to 64K. This achievement is the highest since 2021.
Just after BTC reached 64K, there was a BTC flash dump of 7% which was also followed by other crypto assets. BTC fell from $64K to $58.4K in half an hour.
It then liquidated $730 Million of futures trading across all assets. Data from Coinglass states, $338 Million in Long positions, and $392 Million in Short positions.
A record trading volume for a spot bitcoin ETF was recorded in the US after dramatic price action on Wednesday. BlackRock's IBIT ETF saw $3.3 billion worth of shares trade, more than double Tuesday's volume, which also set a record. Overall, spot ETFs accounted for nearly $8 billion in trading volume.
On the other hand, some Coinbase users experienced a shock when their account balance suddenly appeared to be zero, but this issue has been resolved for some users.
