Bitcoin (BTC) continues to break new records, with strong bullish momentum driving it to touch a new all-time high (ATH) of $73,750 on March 14th, with a market cap of $1.45 trillion. While the flagship digital currency slipped slightly and is currently trading at $73,350, it remains a top investment option for those interested in cryptocurrencies, investing, and finance.

Bitcoin’s daily trading volume has fallen by 25% and is hovering around $46 billion. However, according to a recent report by crypto.news, the total Bitcoin open interest reached an all-time high of $33.9 billion on March 13th, surpassing the previous high of $23 billion in November 2021.

Data from Santiment shows that investors are accumulating Bitcoin as a long-term investment, rather than taking short-term profits. Santiment data also shows that BTC exchange inflow increased from 51,522 to 84,620 coins over the past 24 hours, while exchange outflow surged from 54,121 to 89,135 Bitcoins in the same timeframe.

On the other hand, whale transactions consisting of at least $100,000 worth of BTC increased by 12.2% over the past day, rising from 17,283 to 19,388 unique transactions in 24 hours. When an asset’s whale activity increases, higher price volatility is usually expected.

Despite the high price fluctuations, Santiment data shows that the BTC supply outside exchanges reached a new ATH of 18.78 million tokens.

In conclusion, Bitcoin’s strong bullish momentum continues to drive it to new heights, making it an attractive investment option for beginners and intermediate investors interested in cryptocurrencies, investing, and finance. For more news on cryptocurrencies, visit Global Crypto News.

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