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After a three-year wait, Bitcoin, described as the gold of cryptocurrencies, has reached $60,000. Yesterday, it surpassed the $56,000 limit, and today, it exceeded $58,000. As expected, Bitcoin went over $60,000, and this greenlit the markets.
Bitcoin, Knows No Boundaries!
Bitcoin, after a long wait, exceeded $60,000 making cryptocurrency investors smile. The volume liquidated in the markets with this rise of Bitcoin was huge. According to Coinglass’s data, the volume of liquidated transactions in the last 24 hours is over $318 million. In liquidations, Binance took the lead followed by OKX, ByBit, Huobi and Bitfinex.
The weight of the liquidated transaction volume at Binance was 57% short, while the total volume of transactions was $128 million. The total liquidation at OKX was $98 million while the weight was 58% short. This situation was reversed at ByBit where more than 51% of the liquidations were long while the total liquidated volume was close to $37 million.
After Bitcoin exceeded $60,000, Ethereum rose above $3300. With the rise of Ethereum, there were increases in altcoins. XRP, one of the oldest cryptocurrencies in the market, is pushing $0.6 while some memecoins are seeing daily gains of over 20%.
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