Bitcoin breaks historical maximums and is ensured next goal in USD $ 110,000
By Hannah Pérez
The sudden rebound caused short liquidations of Bitcoin for more than USD $ 45 million in 60 minutes. Next imminent step: USD $ 110,000.
***
- Bitcoin established a new historical price in USD $ 109,500.
- The sudden rebound caused short liquidations of Bitcoin for USD $ 46 million in 60 minutes.
- Next imminent price step for BTC: USD $ 110,000.
Bitcoin (BTC) broke its historical maximum in the middle of a sustained impulse of several days and after a record daily closure.
Wednesday morning (ET), Bitcoin A new unprecedented cap of USD $ 109,500 was secured, exceeding its previous historical of USD $ 109,115 conquered on January 20, 2025.
The data of TrainingView They show that the world’s largest cryptoc Coinbase, Binance and Bitstamp, in the midst of an increase of more than 3% in 24 hours.
The sudden rebound caused short liquidations of Bitcoin for more than USD $ 45 million in 60 minutes, as shown by the data of Coinglass. Within 24 hours, the cryptocurrency derivative market has faced liquidations for $ 308 million, between long and short positions, with Bitcoin by themselves seeing USD $ 120 million liquidated.
Bitcoin Its maximum pricing just on the day of the inauguration of the presidency of Donald Trump for his second mandate in the White House had been secured. Since then, the market had become primarily bassist in the midst of the pressures for tariffs, recession fears and a broader uncertain macro panorama.
The price of Bitcoin It has increased more than 40% since it sank to a local minimum below USD $ 75,000 in mid -April amid the flexibility of the Trump administration’s commercial policy.
A cocktail of factors, including intrinsic cryptocurrency market, have been promoting the price of Bitcoin In recent weeks. The appetite of the sovereign institutions and funds to expose Bitcoin through vehicles such as the funds quoted in the stock market (ETF) of Bitcoin in cash and the growing trend of treasury Bitcoin Among corporations, they are some of the catalysts.
The last bull movement occurred in the middle of an extended racing of entries between the ETFs of Bitcoin in cash in the US Sosovalue. The net tickets accumulated from the debut in January 2024 were at USD $ 42.4 billion.
The breakdown of Bitcoin Towards a new ATH activated a generalized bullish action in the cryptocurrency market. Ether (ETH), the second largest cryptocurrency, increased 2.5% in the last 24 hours to quote USD $, according to data from Coinmarketcap.
Meanwhile, other main ones Altcoins as Cardano (ADA) and Dogecoin (Doge) increased to more than 4% in the period. The total capitalization of the global cryptocurrency market emerged 1.3% to USD $ 3.36 billion.
The analysts of Standard Chartered They said on Tuesday that the sovereign appetite for Bitcoin He supports his theory of a price emerge for USD $ 500,000 before Trump ends his mandate in 2029. The team of specialists previously estimated a new maximum of USD $ 120,000 this same quarter, but then it was corrected by saying that goal was too low.
BTC retracted slightly after the record increase to negotiate around USD $ 108,900 at the time of writing these lines, with a market capitalization of USD $ 2.16 billion. His new AT looks at the following imminent step: USD $ 110,000.
Hannah Estefanía Pérez / Diariobitcoin
Image generated with AI tool, under free use license
WARNING: Diariobitcoin offers informative and educational content on various topics, including cryptocurrencies, AI, technology and regulations. We do not provide financial advice. Cryptactive investments are high risk and may not be adequate for all. Investigate, consult an expert and verify the applicable legislation before investing. I could lose all its capital.
Subscribe to our newsletter
