Bitcoin and Altcoins Are Booming! What’s Driving the Rise? Which Altcoins Are Hot? What are the Liquidation Data? Here is the Answer to All

The world's largest cryptocurrency, Bitcoin, managed to surpass the $100,000 mark again for the first time since December 19.

BTC price is up nearly 4% in the last 24 hours and is trading at $102,196 at the time of writing.

On the other hand, the Ethereum price managed to exceed $ 3,700 and the Solana price managed to exceed $ 220.

The reason for the rise is shown as Michael Saylor's BTC purchase and the fact that cryptocurrency lover Donald Trump is about to be sworn into office on January 20. On the other hand, important economic data will also come from the US this week. You can access the special calendar we have prepared for you as Bitcoinsistemi.com below to see the dates when critical information such as non-farm payrolls data and FED minutes will be announced.

The rise in Bitcoin and major altcoins has also affected the overall cryptocurrency market. The total cryptocurrency market value increased by 3.35% in the last 24 hours, reaching $3.61 trillion.

Among the top 100 cryptocurrencies, those that gained the most in the last 24 hours were SPX with 20%, WLD with 17% and INJ with 13%.

On the other hand, as a result of the sudden rise, large liquidation waves were also triggered in the cryptocurrency market. In the last 24 hours, the cryptocurrency market experienced a liquidation of $198 million, $132 million of which was in short positions. Those that experienced the most liquidation were Bitcoin with $54 million, Ethereum with $36 million, and Dogecoin with $9 million.

Chart showing liquidations in the entire cryptocurrency market in the last 24 hours.

*This is not investment advice.