Crypto NewsBitcoinHistoric Rise Continues: Bitcoin Breaks $85,500 Level - Here is the Latest...

Historic Rise Continues: Bitcoin Breaks $85,500 Level – Here is the Latest Situation and What to Watch in Altcoins!

Bitcoin, the world's largest cryptocurrency, has set a new record at $85,500 at the time of writing.

Follow Bitcoin Sistemi Google News Button

The world’s largest cryptocurrency, Bitcoin, has finally surpassed one of the biggest psychological barriers of $85,000 and is trading at $85,124 at the time of writing.

With the rise in BTC, the all-time high price level has also been updated to 85,500.

Image showing the current state of the chart with 15-minute candles after the recent rally in BTC price.

It is thought that the reason for this huge increase in the BTC price is the election of cryptocurrency-supporting Donald Trump as the President of the United States, the widespread belief that Elon Musk will also have a say in this administration, and also the predictions that the FED will proceed on the path of monetary easing in the coming period.

Related News  Giant Whale May Have Got FOMO - He Bought Huge Amount of Bitcoin at Peak Price - Or Does He Know Something?

On the other hand, due to the rise, there were also large-scale liquidations in the cryptocurrency market. In the last 24 hours, the entire cryptocurrency market faced a total liquidation of $661 million, and despite the rise, interestingly, $361 million of these were in long positions.

The assets that experienced the largest liquidation were recorded as Bitcoin, Ethereum and Dogecoin, respectively.

*This is not investment advice.



Buradaki Yorumlardan Bildirim Al
Bildir
guest

0 Comments
Latest
The oldest Top Rated
Inline Feedbacks
View all comments

Popular Posts of the Week