On Friday evening, Bitcoin ($BTC ) set a new price high of $77,239 (CoinGecko). After that, its value pulled back to the $76,000 range.

The weekly growth of Bitcoin was about 11%, the two-week growth was 15%, and the monthly increase of the main cryptocurrency was 26%.

Friday's price increase led to liquidations totaling $260.27 million on derivatives exchanges, of which $128.24 million was from short positions. Liquidated short positions in Ethereum accounted for $45.85 million, while short bets on Bitcoin reached $23.85 million.

Bitcoin futures surged sharply, and open interest reached a record $47.38 billion. Interestingly, the South Korean "kimchi premium" has disappeared, and data from cryptoquant.com shows a 2% discount compared to the global average rate.

Many crypto traders and analysts predicted Bitcoin would rise to six-figure values by the end of this year. Given the current dynamics, with Bitcoin reaching record values every day, this seems likely.

The upward trend of Bitcoin is supported by the interest of organizations that are investing significant funds in American Bitcoin ETFs. $STG $PROS