BTC - Bitcoin Touches $70K Again Ethereum Dogecoin Bounce Upward As Crypto Market Recovers: Analyst Says If Rally Resumes King Crypto Could Retest All-Time Highs | Benzinga
Major cryptocurrencies experienced a strong rally on Monday, bouncing back from recent losses. The apex cryptocurrency Bitcoin surged above its 2021 peak once again.
What Happened: Bitcoin’s value rose above $70,000 on Monday marking the first time in 10 days and showing a gain of over 6% in the past 24 hours.
In the last 24 hours, a total of 63,643 traders were liquidated, resulting in a total of $183.84 million in liquidations.
The largest single liquidation order, which occurred on Bybit, involved a BTC-USD value of $1.94 million.The sudden resurgence led to the liquidation of $183 million worth of leveraged derivatives positions across all crypto assets, with approximately $123 million coming from short positions aiming to profit from lower prices, according to CoinGlass data.
Top Gainer (24 Hour)
The global cryptocurrency market cap now stands at $2.64 trillion, showing a 5.81% increase in the past 24 hours.
Stocks experienced a slight decline on Monday to kick off a shortened trading week as the recent rally that propelled Wall Street ...