Bitcoin is Striking Again: We are Topping $44,000 – What’s the Latest Data and Liquidations?

With the decline it experienced yesterday evening, the Bitcoin price lost its support of $ 42,000 and fell to $ 41,800.

In today’s development, the Bitcoin price has made a significant move in the last few hours and has gained approximately 4% in value in the last 24 hours. However, the critical $44,000 threshold was temporarily exceeded and the BTC price climbed to its highest level since December 9.

Bitcoin, which reached up to $44,200, is traded at $43,945 at the time of writing this article.

With the rise in the last 24 hours, there were also significant liquidations in futures transactions. In the last day, $161 million worth of crypto money was liquidated, $92 million of which was short positions and $69 million was long positions.

In the rise in the last hour, a liquidation of 45 million dollars took place. Of these, $40 million was in short positions and $5 million was in long positions.

The rise in Bitcoin also made its impact felt in altcoins. Although not as much as BTC, a positive atmosphere was observed in the Ethereum price in the last 24 hours and the world’s largest altcoin gained 2.22% in value in the last 24 hours.

Among the top 100 cryptocurrencies, the ones that gained the most value in the last 24 hours were Stacks with 26%, NEAR with 19%, and Mina with 18%.

However, despite the positive atmosphere, cryptocurrencies such as FTT, LUNC and LUNA closed the last 24 hours in the red zone.

*This is not investment advice.

Source