Bitcoin (BTC) noticed one other robust rally at present, rising 3.25% to $123,808.32, bringing the cryptocurrency's market cap to $2.46 trillion.
In keeping with the information, it’s presently buying and selling simply 0.46% (ATH) from its all-time excessive (ATH).
Each day chart displaying the rise in BTC value.
In keeping with analysts, this rise is being pushed by two essential components. Traders see Bitcoin as a protected haven regardless of the federal government creating uncertainty out there within the US, and October is acknowledged as a traditionally constructive month for Bitcoin.
The futures market was additionally notable for exercise. A complete of $493.14 million positions have been liquidated within the final 24 hours. Of this, $144.16 million got here from strengths and $348.98 million from quick positions.
The biggest liquidations occurred in Bitcoin ($209.76 million), Ethereum ($105.91 million), and Solana ($23.27 million), respectively. The AI-focused AIA token additionally noticed $22.22 million in liquidations, whereas BNB noticed $11.5 million in liquidations.
*This isn’t funding recommendation.
