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Bitcoin Tests $20k As End of Week Rally Continues

Summary:
Bitcoin is pushing against the k price level for the first time since early November, prior to FTX’s collapse. As of 22:28 UTC, Bitcoin traded at ,962, up from roughly ,800 at the start of the day. Its price climbed especially fast 21:34 UTC, when it sprang from ,450 to .823 within 5 minutes.  Liquidations remain high, with million across 45,000 crypto traders being cleared within the past hour, according to Coinglass. The largest liquidated trade within the past 24 hours took place on OKX, affecting a BTC-USD swap for million.  Bitcoin has been rallying since Thursday when Bitcoin broke past ,000 for the first time in months, triggering 0 million in liquidations.  The Bitcoin Fear and Greed Index rose again on Friday from a score of 30 to 31,

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Bitcoin is pushing against the $20k price level for the first time since early November, prior to FTX’s collapse.

  • As of 22:28 UTC, Bitcoin traded at $19,962, up from roughly $18,800 at the start of the day.
  • Its price climbed especially fast 21:34 UTC, when it sprang from $19,450 to $19.823 within 5 minutes. 
  • Liquidations remain high, with $70 million across 45,000 crypto traders being cleared within the past hour, according to Coinglass
  • The largest liquidated trade within the past 24 hours took place on OKX, affecting a BTC-USD swap for $4 million. 
  • Bitcoin has been rallying since Thursday when Bitcoin broke past $19,000 for the first time in months, triggering $350 million in liquidations. 
  • The Bitcoin Fear and Greed Index rose again on Friday from a score of 30 to 31, indicating slightly more greed.
Bitcoin / USD. Source: TradingView

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