Record-breaking surge for Bitcoin: Over $612 million in liquidations triggered as Bitcoin surpasses $101,000.
⚡️ Bitcoin and Altcoins Shatter Records 💥
The unstoppable march of Bitcoin, the king of cryptocurrencies, has smashed through the $100,000 mark. After a brief wobble, BTC blasted past $101,000, setting a brand new high in an astonishing display of power.
The bullish wave didn't stop there, spreading like wildfire to altcoins like PEPE, SUI, FARTCOIN, and a horde of other projects which saw massive gains.
Rumblings from Washington and London
The price of Bitcoin shot up to $101,500 in the past day, fueled by whispers of trade talks between the U.S. and China this week. Then, the one and only Donald J. Trump announced he'd be letting the world in on a big secret about the UK the next day.
Bitcoin danced around the $100,000 mark all day but couldn't resist a tempting peek above, soaring to hit $101,500 - its highest point since early February.
A month ago, Bitcoin was huddled below $80,000, and during the most heated days of Trump's trade wars, it plummeted to $75,000 - its lowest point of 2025.
During this rally, Bitcoin's market cap also hit a new record. This breakout over $100,000 might just be the real deal, unlike previous attempts.
VIRTUAL and PENGU emerged as the biggest gainers among altcoins, flaunting jaw-dropping gains of 36% and 33% respectively. Ethereum took a step up, busting through the $2,000 barrier for the first time in over a year and PEPE, SUI, and FARTCOIN followed closely with gains of 20-25%.
The Big Buzz: Over $145,000 Wiped Out in a Day 💸
According to data from CoinGlass, the total liquidation volume in the last 24 hours reached an eye-watering $623 million, with about $530 million from short positions. The total number of liquidated positions? Nearly 157,000! 😲
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Enrichment Data:
- Current Bitcoin Price: Around $102,950.
- Trend: The broader trend remains bullish, but volatility is rising.
- Resistance Levels: Immediate resistance lies between $103,700 and $104,000.
- Support Levels: Potential pullback zones are at $101,800, $97,500, and $96,000.
- Back to Previous Levels: After hitting the high, Bitcoin briefly dipped below $100,000 and recovered, suggesting a possible retest of the $100,000 level.
- The surge in Bitcoin's price has been significant, with the cryptocurrency reaching a record high of $102,950, surpassing the previous mark of $101,500 set earlier in the week.
- Despite the brief dip below $100,000 after setting the new high, Bitcoin's broader trend remains bullish, indicating a possible retest of the $100,000 level.
- The finance world has seen a flurry of activity in 2025, with investing in cryptocurrencies, particularly Bitcoin, becoming a hot topic, especially with the price surge in 2025.
- Looking ahead, potential pullback zones for Bitcoin could be around $101,800, $97,500, and $96,000, while immediate resistance might lie between $103,700 and $104,000, given the rising volatility in the cryptocurrency market.
