HOT MOMENTS: Bitcoin Soars – Surpasses $111,000 – All-Time High Price Record About to Be Broken
According to breaking news, the world's largest cryptocurrency, Bitcoin, made a sudden attack above $ 111,000 and is only a short way away from its all-time high price level of $ 111,970.
The source of the rise is shown as the progress made in today's session of economic talks between China and the US, and US President Donald Trump's statement that the talks were positive.
The sudden rise also triggered a massive liquidation wave in the cryptocurrency market. In the last hour, a total of $168 million worth of liquidation occurred in the cryptocurrency market. $165 million of these were in short positions, meaning almost all of the liquidations affected short positions.
If we look at it in terms of cryptocurrencies, naturally the highest liquidation occurred in Bitcoin with $110 million, followed by Ethereum with $30 million.
*This is not investment advice.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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