Bitcoin has broken previous records by reaching a new all-time high of $71,092 on the Bitstamp exchange.
Bitcoin has broken previous records by reaching a new all-time high of $71,092 on the Bitstamp exchange.
This milestone comes as the cryptocurrency market continues to gain widespread acceptance and attract significant investment from retail and institutional investors following the approval of a series of Bitcoin spot ETFs in January.
Before reaching its new peak, Bitcoin recorded its highest weekly candle close ever at $69,062 on Bitstamp.
Meanwhile, the price of Ethereum, the second-largest cryptocurrency, recently surpassed the $4,000 level.
More than 300 million dollars in settlements
Recent price volatility has also led to significant market liquidations, with a total of $336.22 million liquidated in the last 24 hours alone, according to data from CoinGlass.
The majority of these liquidations were long positions, totaling $224.73 million. Short positions accounted for $111.49 million of the liquidations.
Over the past hour, total market liquidations amounted to $39.68 million, demonstrating the high volatility in the cryptocurrency market. The majority of these liquidations were short positions, totaling $37.65 million. Liquidations of long positions were significantly lower at $2.03 million.
In the last four hours, OKX led the exchanges in liquidations, with $19.95 million. Of these, $2.99 million were long positions and a notable amount of $16.96 million were short positions, representing 85.03% of their total liquidations. Bitmex followed, with total liquidations worth $8.71 million, all of which were short positions. Lastly, Binance recorded liquidations totaling $6.74 million, with $2.12 million in long positions and $4.63 million in short positions.
