Bitcoin, the world's largest cryptocurrency, has experienced a sudden increase in price, nearing its all-time high.
Bitcoin Price Surge
In the past 24 hours, Bitcoin rose by 2.3%, now just 0.76% away from its all-time high. Much of this increase occurred in the last hour.
Reasons for the Surge
The main reason for the price increase is attributed to Donald Trump's postponement of tariff threats, alongside a lack of significant reactions from the financial world to these threats.
Liquidations in the Crypto Market
With the sudden price rise, the amount of liquidation in the cryptocurrency market in the last 24 hours reached $428 million, with $380 million in short positions. In the last hour alone, liquidations totaled $235 million, of which $233 million were short positions.
As a result of recent developments, Bitcoin is showing significant growth, potentially influenced by changes in the financial market landscape.
