The world’s largest cryptocurrency, Bitcoin, has once again surpassed the $100,000 mark for the first time since December 19.
As of the time of writing, the price of BTC has risen by nearly 4% in the last 24 hours and is currently trading at $102,196.
In addition, the price of Ethereum has exceeded $3,700, while the price of Solana has surpassed $220.
This surge in prices can be attributed to Michael Saylor’s purchase of BTC and the anticipation surrounding the upcoming inauguration of cryptocurrency enthusiast Donald Trump on January 20. Furthermore, significant economic data is expected to be released from the US this week. To stay updated on important announcements such as non-farm payrolls data and FED minutes, you can refer to the special calendar provided by Bitcoinsistemi.com.
The rise in Bitcoin and other major altcoins has also had an impact on the overall cryptocurrency market. In the past 24 hours, the total market value of cryptocurrencies has increased by 3.35%, reaching $3.61 trillion.
Among the top 100 cryptocurrencies, the ones that experienced the highest gains in the last 24 hours were SPX with a 20% increase, WLD with a 17% increase, and INJ with a 13% increase.
However, this sudden rise has also triggered a wave of liquidation in the cryptocurrency market. Over the past 24 hours, there has been a total liquidation of $198 million, with $132 million coming from short positions. Bitcoin, Ethereum, and Dogecoin were the most affected, with liquidations amounting to $54 million, $36 million, and $9 million respectively.
*Please note that this information should not be considered as investment advice.