🚀 Bitcoin Rockets Past $70,000, Sets New High at $71,031
💹 Bitcoin is standing tall above the $70,000 mark, reaching an intraday high of $71,031. As of now, it's holding strong just above $70,600, marking a solid 4.4% gain against the U.S. dollar in the past week. The trading volume has surged from $10 billion to an impressive $28.70 billion.
🌍 While the global average hovers around $70,653, the South Korean market is showing a slight premium with prices on Upbit and Bithumb at $70,903. However, this premium has shrunk to less than 1%, specifically 0.353%, indicating a more balanced market. The South Korean won remains a significant player in BTC trades.
💥 Crypto markets are not without their share of excitement as well. Over the past day, we've witnessed a whopping $46.09 million in short trades being liquidated, with bitcoin shorts accounting for $26.43 million. Altcoin longs also faced some turbulence with $11.66 million liquidated, making it a total of $39.27 million in long positions gone.
📉 Amidst these ups and downs, let's not forget the human side of trading. A staggering number of 41,053 traders were liquidated in the past 24 hours alone. The largest single liquidation hit hard at $707,320, reminding us that fortunes can change swiftly in this fast-paced market.
Hold on tight as Bitcoin continues its thrilling journey through the financial skies! 🚀🌕
💹 Bitcoin is standing tall above the $70,000 mark, reaching an intraday high of $71,031. As of now, it's holding strong just above $70,600, marking a solid 4.4% gain against the U.S. dollar in the past week. The trading volume has surged from $10 billion to an impressive $28.70 billion.
🌍 While the global average hovers around $70,653, the South Korean market is showing a slight premium with prices on Upbit and Bithumb at $70,903. However, this premium has shrunk to less than 1%, specifically 0.353%, indicating a more balanced market. The South Korean won remains a significant player in BTC trades.
💥 Crypto markets are not without their share of excitement as well. Over the past day, we've witnessed a whopping $46.09 million in short trades being liquidated, with bitcoin shorts accounting for $26.43 million. Altcoin longs also faced some turbulence with $11.66 million liquidated, making it a total of $39.27 million in long positions gone.
📉 Amidst these ups and downs, let's not forget the human side of trading. A staggering number of 41,053 traders were liquidated in the past 24 hours alone. The largest single liquidation hit hard at $707,320, reminding us that fortunes can change swiftly in this fast-paced market.
Hold on tight as Bitcoin continues its thrilling journey through the financial skies! 🚀🌕