🚀🚀🚀 #bitcoin☀️ Nears $100K Milestone: New Record High and Key Insights Revealed!
Bitcoin Surges to a Record High, Closing in on $100,000
- Bitcoin ($BTC ), the leading cryptocurrency, has reached a new all-time high of $97,322, climbing 3.5% in the past 24 hours. With this momentum, Bitcoin is now just 2.75% away from the historic $100,000 milestone.
#ETH/BTC Pair Declines Further
- Bitcoin's dominance has risen to 61.4%, as its rally pushed the ETH/BTC pair to 0.033, its lowest level since April 2021. Ethereum and other altcoins are struggling to keep pace with Bitcoin's impressive run.
Market Sees Massive Liquidations Amid BTC Rally
The ongoing Bitcoin rally has triggered widespread liquidations across the cryptocurrency market. In the past 24 hours, total liquidations reached $393 million:
- $267 million came from long positions.
- $126 million came from short positions.
Bitcoin led the liquidations with $77.4 million, followed by Ethereum ($ETH ) and Dogecoin ($DOGE ). Notably, 149,210 investors faced liquidations, with the largest event occurring in the ETH/BTC trading pair on Binance.
Bitcoin Price Prediction: $125K on the Horizon?
- According to BRN analyst Valentin Fournier, Bitcoin's upward momentum is expected to continue. Fournier anticipates that Bitcoin will surpass $100,000 soon and could reach $125,000 before 2025, driven by strong market demand and institutional interest.
**This is not financial advice.
