The price of Bitcoin exceeds $100,000
The price of Bitcoin, the world’s largest cryptocurrency, managed to exceed the $100,000 barrier for the first time since February, according to Binance TR data. With the recent rise, at the time of writing this article, the BTC price is trading 8.56% lower than its all-time high. According to the data, Bitcoin climbed to $100,700.
The reason for today’s rising wave is thought to be the US signing an agreement with the UK on customs duties, progress being made with the EU on customs duties, and Trump signaling that customs duties on China could be reduced. On the other hand, Ethereum also managed to rise above $2,000. The general outlook in the altcoin market is that many tokens are experiencing increases, some in double digits.
Due to the effect of the rise, $472 million worth of liquidation occurred in the cryptocurrency market in the last 24 hours, of which $390 million were in short positions.
*This is not investment advice.
