Bitcoin soars towards $20,000, leaving $100M in daily liquidations

After days of inactivity, bitcoin was hit by another wave of bullish volatility on Tuesday. After reaching nearly $20,000, the asset left $100 million in liquidations in its wake.

  • The price of Bitcoin was around $19,270 at 12:40 UTC on Tuesday, before quickly climbing higher over the next few hours.
  • The coin reached $19,500 after about an hour and saw another hour of steady trading before returning to $19,834 at 16:00 UTC. The price is now $19,792, at the time of writing.
  • info from Coinglass It shows that $50 million of cryptocurrency trades have been liquidated in the past hour alone, with $112 million shrinking in the past day.
  • The largest single liquidation took place on Binance for trading BTC/USDT, with a value of $1.01 million.
  • But the vast majority of liquidations in the last hour – $42.93 million – came from the Ethereum camp. The second largest cryptocurrency also rose from around $1,350 to over $1,400 on Monday, along with bitcoin.
  • Big price moves have been rare in cryptocurrencies in recent weeks, with Bitcoin now Show Similar fluctuations to the pound sterling.
Bitcoin / US dollar. Source: TradingView

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