Bitcoin Hits New All-Time High
Bitcoin’s price momentum continues to shatter records, with the top crypto reaching a new all-time high.
Price Milestones
- Bitcoin peaked at $106,488 during Asian trading hours
- Settled at $104,771 at the time of reporting
- Value crossed the $100,000 mark for the first time
Bitcoin Price in Euros
When priced in euros, Bitcoin also achieved a new all-time high, hitting €101,212 before retracing slightly to €99,610 at press time, according to CoinMarketCap.
Crypto Liquidation
The sharp price increase has led to substantial liquidations across the crypto market. Coinglass reports that traders speculating on Bitcoin lost $119 million in the past 24 hours, most of these losses coming from bearish positions.
Investors’ total losses over the same period soared to $312 million when factoring in other cryptocurrencies. Short traders bore the brunt, accounting for nearly $200 million of the liquidations, highlighting the volatile nature of the crypto market during this bullish phase.
