Bitcoin breaks the USD $ 118,000 activating short settlements for USD $ 1mm
By Hannah Pérez
Bitcoin continues to conquer new historical maximums. After exceeding the USD $ 113,000 yesterday, it has added more than $ 5,000 to approach the USD $ 119,000. USD $ 120K is visualized as the next imminent break.
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- Bitcoin breaks another ATH and erases more than USD $ 1 billion short positions in its path.
- The new historical price of Bitcoin was drawn very close to the USD $ 119,000.
- A fresh market capitalization level of USD $ 2,359 billion placed BTC along with Amazon.
- Next imminent price border: USD $ 120,000.
Bitcoin Continue to beat historical records as the bullish pricing action extends. The oldest and oldest cryptocurrency of the world conquered a new price close to USD $ 119,000 on Friday morning (New York).
The data of Coinmarketcap show that Bitcoin (BTC) has earned just over $ 8,000 in the last 24 hours, from an approximate level of USD $ 110,660 yesterday, a An unprecedented cap of USD $ 118,856.
The rally began when BTC exceeded a range of USD $ 112,000 for the first time on Wednesday of this week. Since then, the cryptocurrency has continued the price increase, marking several new historical maximums in less than 48 hours. Bitcoin A gain of almost 8% has been ensured in the last 7 days, according to the data.
Market capitalization Bitcoin He also conquered a new top of USD $ 2,359 billion, which Momentinely positioned to Bitcoin along with Amazon Among the largest assets in the world. The distinguished cryptocurrency also left behind with Google, Currently with a market capitalization of USD $ 2.16 billion.
Rally in the market causes short liquidations
The rebound extended to the rest of the digital currencies market, with some main Altcoins arising even more in percentage terms. Ethereum (ETH), the second largest cryptocurrency, recovered the USD $ 3,000 brand, last view in February, in the middle of a daily rebound near 8% and before a slight reverse.
Cardano (ADA) was among the largest winners with an increase of more than 15% in 24 hours to be at a price of USD $ 0.734. XRP, Solarium (SUN), Dogecoin (Doge) and Chainlink (Link) also experienced astronomical emerges of 7%, 4%, 10%and 7.7%, respectively in the period, Hyperliquid (Hyper) rose more than 10%.
The rally brought with it a wild increase in the liquidations of short positions in the cryptocurrency market. The data of Coinglass They reveal that more than USD $ 1.1 billion in assets have been liquidated in the last 24 hours, all corresponding to short positions (or bass bets). In total there have been liquidations for almost USD $ 1.3 billion, between short and long positions.
Bitcoin By itself it has observed short settlements for more than USD $ 650 million. The largest liquidation order occurred in the Exchange HTX worth USD $ 88.55 million for the BTC-USDT. Almost 280,000 individual operators have been affected.
Cryptocurrency settlements occur when a Exchange It necessarily closes an leverage (long or short) position of a merchant because it cannot meet the margin requirements, often due to adverse prices movements.
At the time of publication, BTC changes hands around USD $ 117,700, almost 6% higher in the last 24 hours and an accumulated gain of 26% so far this year. Observers now visualize the USD $ 120,000 as the next great imminent peak.
Hannah Estefanía Pérez / Diariobitcoin
Edited image of Unspash
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