Following a wave of 24-hour liquidations, Bitcoin shows signs of recovery, crossing the $84,000 mark again, and continues to attract interest from both institutional and retail investors.
Bitcoin Trades Above $84,000
As of writing, Bitcoin is trading above $84,000, up by nearly 1% in the last 24 hours. On April 1, the price dropped from previous highs to $82,000 levels, followed by an upward correction. According to CoinGlass data, the 24-hour BTC liquidations are over $75 million, with $26 million in long positions and over $49 million in short positions.
Ongoing Interest in Bitcoin
With growing interest in cryptocurrencies among institutional investors, retail buyers are also joining the trend. GameStop has recently completed a $1.5 billion offering, which has contributed to the current price climb. These proceeds are expected to be used for general corporate purposes, including Bitcoin acquisitions. GameStop shares have risen by over 1%, reaching $22.61 per share.
New Acquisitions and Bitcoin Market
Metaplanet has made significant Bitcoin purchases, acquiring 160 BTC today and an additional 696 BTC on April 1. As of now, Metaplanet holds over 4,206 BTC, with a total value exceeding $354 million, demonstrating the sustained high level of interest in Bitcoin.
With continued interest from both institutional and retail investors, Bitcoin is likely to maintain its current position. Investments in cryptocurrencies such as Bitcoin remain an attractive asset for many.
