Bitcoin price seesaws above $62,000 as U.S. spot Bitcoin ETFs hit record net inflows and trading volumes on Feb. 28.
Bitcoin price surged briefly above $64,000 on Feb. 28 before retracing toward the $62,000 zone. The surge was accompanied by record volumes in spot Bitcoin exchange-traded funds (ETFs) and a spike in crypto liquidations.
As of 3:35 pm UTC, the pioneer cryptocurrency was exchanging hands at $62,669, up 5% over the last 24 hours.
The latest rally has seen a 93% spike in Bitcoin’s (BTC) daily trading volume to $90.2 billion. Its market capitalization has increased to $1.23 billion, cementing its top spot as the most valuable cryptocurrency, according to the CoinMarketCap ranking table.
