Bitcoin skyrockets beyond $30,000 amid massive short liquidations

Bitcoin skyrockets beyond $30,000 amid massive short liquidations
фото показано с : cryptoslate.com

2023-10-23 10:36

Quick Take

On Friday, Oct. 20, Bitcoin breached the $30,000 mark first time since August, edging within touching distance of its Year-to-Date (YTD) high in July at roughly $31,500. The resilience of the cryptocurrency was especially noteworthy, given the backdrop of prevailing geopolitical uncertainty, indicating a mystifying market behavior.

Over the weekend, Bitcoin consistently hovered around $30,000, a move primarily driven by a significant volume of liquidations. In the preceding 24 hours, liquidations exceeded $120 million, with short liquidations constituting approximately $85 million of that total. Notably, Bitcoin was responsible for nearly $23 million of these shorts.

Since Oct. 16, there has been a pronounced surge in daily short liquidations, reinforcing the notion of Bitcoin’s robustness in the face of market volatility.

Liquidations: (Source: Coinglass)

 

The post Bitcoin skyrockets beyond $30,000 amid massive short liquidations appeared first on CryptoSlate.

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Bitcoin (BTC) на Currencies.ru

$ 62830.81 (-0.38%)
Объем 24H $21.305b
Изменеия 24h: -0.04 %, 7d: 5.12 %
Cегодня L: $62562.17 - H: $63864.86
Капитализация $1259.933b Rank 1
Цена в час новости $ 30609.95 (105.26%)

bitcoin 500 resilience roughly ytd high cryptocurrency

Источник: cryptoslate.com

bitcoin 500 → Результатов: 126


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