According to the latest development, the world's largest cryptocurrency, Bitcoin, broke its all-time high price record (ATH) again by seeing $ 77,000.
Chart showing BTC price hitting all-time high. The BTC price has been breaking ATH records one after another in recent days. The series of records began after cryptocurrency lover Donald Trump was elected President of the United States.
At the time of writing, the BTC price is trading just below its all-time high of $76,792, following its record high.
This high volatility brought about major liquidations in the entire cryptocurrency market. In the last 24 hours, there was a $263 million liquidation wave in the cryptocurrency market. Interestingly, even though the BTC price was on the rise, a significant portion of these liquidations were in long positions. The market witnessed a long liquidation of $136 million. The liquidation of $127 million was observed in short positions.
*This is not investment advice.
