Bitcoin price surged to $106,600, reaching a new historical high, while 90,000 people faced liquidation disasters!

After a brief adjustment, the cryptocurrency market has fully rebounded. The price of Bitcoin once climbed to a high of $106,660, successfully surpassing the previous high record of $103,800 set on December 5. Its current quotation is $105,170, with an increase of 3.69%. In the last 24 hours, a total of 94,200 people around the world faced liquidation, with a total liquidation amount of $309 million.

Ethereum also showed an increase of 3.32%, quoted at $4,000. Other cryptocurrencies such as Dogecoin and Solana are also experiencing upward trends.

As of Sunday, Bitcoin has achieved seven consecutive weeks of increases, the longest streak since 2021. Starting from around $40,000 at the beginning of the year, Bitcoin's increase this year has exceeded 170%.

U.S. President-elect Donald Trump favors a friendly regulatory team towards cryptocurrencies, supporting the idea of the national reserve holding Bitcoin and planning to reverse the Biden administration's crackdown on the digital asset industry. This has significantly boosted investors' optimistic expectations for the U.S. cryptocurrency regulatory environment. Since Trump won the presidential election last month, Bitcoin has entered a significant upward trend and successfully broke through the $100,000 barrier. However, after first breaking through $100,000 on December 5, Bitcoin experienced severe fluctuations at high levels, during which the price even fell below $95,000.

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