{"id":484397,"date":"2024-02-28T13:53:20","date_gmt":"2024-02-28T13:53:20","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=484397"},"modified":"2024-02-28T15:59:30","modified_gmt":"2024-02-28T15:59:30","slug":"bitcoin-price-prediction-btc-eyes-60k-on-ballistic-38-pump-in-a-month-as-fidelity-sees-bitcoin-market-cap-at-1-5-trillion-and-the-blackrock-btc-etf-hits-insane-volumes","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-btc-eyes-60k-on-ballistic-38-pump-in-a-month-as-fidelity-sees-bitcoin-market-cap-at-1-5-trillion-and-the-blackrock-btc-etf-hits-insane-volumes","title":{"rendered":"Bitcoin Price Prediction: BTC Eyes $60k On Ballistic 38% Pump In A Month As Fidelity Sees Bitcoin Market Cap At $1.5 Trillion, And The BlackRock BTC ETF Hits Insane Volumes"},"content":{"rendered":"

The Bitcoin price has soared 5% in the last 24 hours to trade for $59,339 as of 5:05 a.m. EST time.<\/p>\n

With this surge, BTC is eyeing the $60,000 milestone, a level last tested on November 18, 2021.<\/p>\n

Notably, trading volume has dropped around 8%, suggesting investors are shying away from the market. One possible reason is the enhanced risk, with some analysts saying the king of cryptocurrency is at the cusp of a correction.<\/p>\n

https:\/\/twitter.com\/CreationFanatic\/status\/1762376747264123328<\/p>\n

Amid elevated risk levels in the BTC market, experts say a correction could see up to $300 million positions liquidated.<\/p>\n

\n

$300 Million Risks Liquidation If BTC Drops Beneath Key Level#bitcoin<\/a> #BTC<\/a> #tafouio<\/a> #cryptonews<\/a> pic.twitter.com\/Sj7oOvf5cS<\/a><\/p>\n

— tafou.io (@tafouio) February 28, 2024<\/a><\/p><\/blockquote>\n