Bitcoin price climbs above $64,000 briefly, BTC futures open interest hits all-time high


The price of bitcoin rose above the $64,000 mark at one stage on Monday morning in Asia, swinging around 7% away from the cryptocurrency’s all-time high set in November 2021, according to The Block’s Price Page.

As of 9:30 a.m. Hong Kong time, the world’s largest cryptocurrency by market cap, traded at around $63,500, rising 3.4% in the last 24 hours. The GMCI 30 Index, measuring the performance of the top 30 cryptocurrencies, was at 137.39, up 2.21% in 24 hours.

In the past 24 hours, the liquidation in bitcoin positions amounted to $59.27 million, with about $38.52 million being shorts, according to Coinglass data.

The price action came amidst the daily open interest for bitcoin futures on centralized exchanges reached an all-time high of $27.53 billion on Monday morning in Asia, Coinglass data showed. Open interest, a measure of the total value of all outstanding bitcoin futures contracts across exchanges, indicates increased market activity and trader sentiment.

Spot bitcoin exchange-traded funds (ETFs) have seen a significant increase in assets under management, with BlackRock’s IBIT reaching $10 billion last week. The cumulative volume for spot bitcoin ETFs amounted to $73.91 billion as of March 1, compared to $29.19 billion on Feb. 1, according to Yahoo Finance data compiled by The Block.

Bitcoin is also nearing its next halving event, which is expected to occur in April. The halving is set to reduce miner rewards by 50%. This may negatively impact miners' profitability and lead to a higher bitcoin production cost, resulting in bitcoin price declines, JPMorgan analysts wrote in a report last week.

The price of ether rose 1.6% to trade at around $3,400 on Monday morning in Asia, according to The Block’s data.

Source : The Block by Danny Park / Mar 4, 2024 logo


240 rue Evariste Galois,

06410 Biot,

Sophia Antipolis

Automata Pay

65-66 Warwick House 4th

Floor, Queen Street, London

England, EC4R 1EB

Automata Pay Europe Ltd

3rd Floor Ormond Building,

31-36 Ormond Quay Upper,

Dublin 7, D07 Ee37

Automata ICO Ltd

Italian Branch

Via Archimede, 161,

00197 Roma


The purchase of digital assets is subject to a high market risk and price volatility. Changes in value can be significant and occur rapidly and without warning. Past performance is not a reliable indicator of future performance. The value of an investment and returns can fluctuate both up and down, and you may not recover the amount you invested. RISK WARNING

Automata ICO Limited has a branch in Italy with its registered office at Via Archimede, 161, Roma, Italy, and registered in Italy under number 96550860587 with the Organismo Agenti e Mediatori (OAM) as a Virtual Asset Service Provider (VASP).

Automata France SAS is a company registered in France with the company number 902 498 617. Automata FRANCE SAS is registered with the french Financial Market Authority, l’Autorité des marchés financiers (“AMF”), as a provider of Virtual Asset Service Provider under number E2023-087.

Automata Pay Europe Limited is a partner of Modulr Finance B.V., a company registered in the Netherlands with company number 81852401, which is authorised and regulated by the Dutch Central Bank (DNB) as an Electronic Money Institution (Firm Reference Number: R182870) for the issuance of electronic money and payment services. Your account and related payment services are provided by Modulr Finance B.V. Your funds will be held in one or more segregated accounts and safeguarded in line with the Financial Supervision Act. How we keep your money safe.