After playing around with $55,000 all day, bitcoin price Despite the liquidation of more than $157 million worth of Bitcoin shorts in the past 24 hours, according to CoinGlass, it didn’t hold back from jumping comfortably past $56,000 ($56,700 at the time of writing) late Monday.
This milestone comes just hours after BTC surged above $53,000, already reaching heights not seen since 2021.
From the time the buy option is secured, investors who assume the price of Bitcoin will fall and take a sell position will be liquidated when the price rises, causing the exchange to take automated action to prevent further losses.
BTC then recorded intraday gains of around 10%. This is a return that looks as good as the annual returns from traditional investment vehicles. And the green candle is being driven by tradfi cravings for the Bitcoin spot ETF, which saw record inflows today.
MicroStrategy, a leading Bitcoin holding institution, recently increased its Bitcoin holdings to 193,000 BTC. When founder Michael Saylor tweeted about acquiring 3,000 Bitcoin this morning, the asset was valued at $10.28 billion. Its current value is $10.9 billion, an increase of $620 million in one day.
On average, the company Saylor says it’s $51,813 per Bitcoin.
In October 2021, cryptocurrency watchers gasped as they watched Bitcoin rise above $57,000 as it continued its two-week rally. This figure hit an all-time high earlier that year. It ended up being $69,000 in November.
Today was a good day for Ethereum. ETH price About an hour before Bitcoin broke through, it hit a high of $3,273. This figure was last seen in April 2022, when the value was falling from an all-time high of $4,878 in November 2021.
