The world’s largest cryptocurrency, Bitcoin, has once again surpassed the $100,000 mark for the first time since December 19.
As of the time of writing, the price of BTC has increased by nearly 4% in the last 24 hours and is currently trading at $102,196.
In addition, the price of Ethereum has exceeded $3,700, while the price of Solana has exceeded $220.
The rise in prices is attributed to Michael Saylor’s purchase of BTC and the anticipation of Donald Trump, a cryptocurrency enthusiast, taking office on January 20. Additionally, important economic data will be released from the US this week. To stay updated on critical announcements such as non-farm payrolls data and FED minutes, you can refer to the special calendar provided by Bitcoinsistemi.com.
The surge in Bitcoin and major altcoins has also had an impact on the overall cryptocurrency market. The total market value of cryptocurrencies has increased by 3.35% in the last 24 hours, reaching $3.61 trillion.
Among the top 100 cryptocurrencies, the ones that experienced the highest gains in the last 24 hours were SPX with a 20% increase, WLD with a 17% increase, and INJ with a 13% increase.
However, as a result of this sudden rise, there have also been large liquidation waves in the cryptocurrency market. In the last 24 hours, $198 million in liquidation has occurred, with $132 million coming from short positions. The most significant liquidations were seen in Bitcoin with $54 million, Ethereum with $36 million, and Dogecoin with $9 million.
*Please note that this is not investment advice.
