Today, Bitcoin finally crossed the psychological mark of $100,000, reaching a new record of over $101,000. This rise has been fueled by several positive developments in the market.
Historic Achievement for Bitcoin
Throughout most of the day, Bitcoin hovered close to the $100,000 mark, but then prices surged sharply, hitting a new three-month high of $101,000. Just a month ago, Bitcoin was trading below $80,000, even plummeting to a 2025 low of under $75,000.
Surge in Altcoins
As Bitcoin gained ground, the value of altcoins spiked as well, with VIRTUAL and PENGU showing increases of 36% and 33%, respectively. Other altcoins like PEPE, SUI, and FARTCOIN also registered significant daily jumps of 20-25%.
Overall Liquidations in the Market
The total liquidation value in the market has reached $580 million, primarily due to short positions, accounting for nearly $500 million. The total number of liquidated trades exceeded 145,000.
Today's events in the crypto market, including Bitcoin's rise and altcoin surges, along with significant liquidations, highlight the sector's dynamism. Cryptocurrencies continue to attract investor interest.
