Bitcoin surpassed $98,000 after the Wall Street open on Dec. 24. BTC/USD reached $98,020 on Bitstamp, according to data from Cointelegraph Markets Pro and TradingView. The cryptocurrency has gained more than 3% in a day, recovering from lows earlier in the week. CoinGlass reported that $40 million worth of BTC short liquidations occurred in the past 24 hours. Analysts are noting the importance of Bitcoin breaking through key resistance levels.