Summary:
Bitcoin (BTC) broke a two-year high above ,000 on Monday – the highest recorded price for the leading digital currency since December 2021. The coin’s surge was accompanied by 1 million in liquidations across the crypto market within the past 24 hours. According to Coinglass, over million in crypto shorts have been liquidated in the past hour alone. Across the day, over 57,000 traders have been liquidated. The largest liquidation, however, was for an ETH-USD swap on OKX valued at .89 million. Bitcoin is now up 17% over the past seven days, while Ether (ETH) is up 13.5%. The recent rally for both assets marks a quick return to form after the “sell the news” market dump which followed the approval of several U.S. Bitcoin spot ETFs last month. At the time, the
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Andrew Throuvalas considers the following as important: AA News, Bitcoin (BTC) Price, BTCEUR, BTCGBP, btcusd, btcusdt
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Bitcoin (BTC) broke a two-year high above ,000 on Monday – the highest recorded price for the leading digital currency since December 2021. The coin’s surge was accompanied by 1 million in liquidations across the crypto market within the past 24 hours. According to Coinglass, over million in crypto shorts have been liquidated in the past hour alone. Across the day, over 57,000 traders have been liquidated. The largest liquidation, however, was for an ETH-USD swap on OKX valued at .89 million. Bitcoin is now up 17% over the past seven days, while Ether (ETH) is up 13.5%. The recent rally for both assets marks a quick return to form after the “sell the news” market dump which followed the approval of several U.S. Bitcoin spot ETFs last month. At the time, the
Topics:
Andrew Throuvalas considers the following as important: AA News, Bitcoin (BTC) Price, BTCEUR, BTCGBP, btcusd, btcusdt
This could be interesting, too:
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Bitcoin (BTC) broke a two-year high above $50,000 on Monday – the highest recorded price for the leading digital currency since December 2021.
The coin’s surge was accompanied by $191 million in liquidations across the crypto market within the past 24 hours.
- According to Coinglass, over $36 million in crypto shorts have been liquidated in the past hour alone.
- Across the day, over 57,000 traders have been liquidated. The largest liquidation, however, was for an ETH-USD swap on OKX valued at $3.89 million.
- Bitcoin is now up 17% over the past seven days, while Ether (ETH) is up 13.5%.
- The recent rally for both assets marks a quick return to form after the “sell the news” market dump which followed the approval of several U.S. Bitcoin spot ETFs last month.
- At the time, the asset rallied to $49,000 before sinking back under $40,000 in late January. However, slowing outflows from the Grayscale Bitcoin Trust (GBTC) coupled with steady and rising inflows to newer spot ETFs have helped drive day 1 ETF buyers back into the green.
- Bitcoin’s price tapped a high of $50,256 before returning to $49,936 at writing time. Its market cap is now $980 billion, waiting to tap $1 trillion at a per unit price of roughly $51,000.
Bitcoin / USD. Source: TradingView
