🔥🔥Historical Rise Continues: Bitcoin Breaks $85,500! Here's the Latest Situation and What's Being Watched in Altcoins! 🔥🔥
Bitcoin, the world's largest cryptocurrency, has finally managed to break through the major psychological barrier of $85,000 and is currently trading at $85,124.$BTC
With this rise in Bitcoin, the all-time high price level has also been updated to $85,500. Behind this major price movement in the market are the election of Donald Trump, known as a cryptocurrency friend, as the US President, expectations that Elon Musk will play an important role in the new administration, and also predictions about the possibility of the FED's monetary easing in the future.
On the other hand, parallel to this huge increase in Bitcoin's price, there have also been large-scale liquidations in the cryptocurrency market. In the last 24 hours, a total of $661 million worth of liquidations occurred in the entire cryptocurrency market, and interestingly, $361 million of these consisted of long positions.
The largest liquidations occurred in Bitcoin, Ethereum and Dogecoin, respectively.
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