Bitcoin Holds Ground as Crypto Market Sees 1% Rally

Bitcoin held steady at $64,000 as major cryptocurrencies rallied over 1% on Wednesday, buoyed by ongoing strength in the equity market.

Around 69,958 traders were liquidated in the past 24 hours for a total of $216.18 million, according to Coinglass data.

Spot Bitcoin ETFs saw net inflows of $211.5 million on Tuesday, while spot Ethereum ETFs attracted $53.8 million in investments, SoSoValue data showed.

Crypto analysts are divided about the market's future direction, with some predicting a sharp upside breakout for Bitcoin. Trader Crypto Bitlord believes that after an extended period without a strong vertical rally, the market is overdue for a large bullish 'god candle', which could send prices surging above key resistance levels.