The world's largest cryptocurrency, Bitcoin, made a sudden jump in the last minutes.
BTC suddenly broke through the psychological barrier of $60,000 and is trading at $60,528 at the time of writing. The price has risen by approximately 2% in just 8 minutes.
The reason for the recent spike is not yet known, but the BTC price had increased by approximately 10% during the day. The latest rise is considered to be a continuation of this momentum.
On the other hand, well-known cryptocurrency analyst il Capo said in his message published this evening that the market made a strong leap and argued that the path of being sure and patient was the right path. il Capo added that the market needed to make a clean leap above $ 60,000.
As for liquidation data, with the increase in volatility, there was a liquidation of $14 million in the cryptocurrency market in the last hour. $500,000 of these were in long positions and $13.5 million in short positions. The largest liquidation occurred in Bitcoin with $9 million.
*This is not investment advice.