Crypto Weekly (09/12 – 15/12): Bitcoin Continues to Set New ATH After Major Liquidation
Last week, the market unexpectedly experienced a major liquidation, causing over $1.7 billion to evaporate from the market. However, Bitcoin then began to recover and broke its previous all-time high.After Bitcoin officially crossed the $100,000 mark the previous week, last week saw the largest liquidation event since 2021. After hitting an all-time high (ATH) of $104,200, Bitcoin plummeted to $94,000, leading to liquidations totaling over $1.7 billion. However, following this unexpected drop, the market rebounded quickly. Bitcoin not only regained its upward momentum but also surpassed $104,200 to set a new ATH of $106,000.
