Bitcoin breaks through $67,000

Share This Post

Quick Take

Bitcoin went above the $67,000 mark, nearly hitting $67,500 — its highest level since April 13.

The remarkable rally has triggered a wave of liquidations within the digital asset ecosystem over the past 24 hours. Approximately $122 million worth of positions have been liquidated, comprising $39 million in long positions and $84 million in short positions, based on Coinglass data.

Liquidation Heatmap: (Source: Coinglass)
Liquidation Heatmap: (Source: Coinglass)

Out of the total liquidations, a staggering $45 million can be attributed to Bitcoin alone. Notably, in the $67,500 to $68,000 range, there lies a substantial $2 billion worth of leveraged positions at risk of liquidation.

Binance BTC/USDT Liquidation Heatmap: (Source: Coinglass)
Binance BTC/USDT Liquidation Heatmap: (Source: Coinglass)

While Bitcoin is up 3% for the day, it’s crucial to note that the S&P 500 and Nasdaq are slightly red, while gold has gained approximately 1%.

The post Bitcoin breaks through $67,000 appeared first on CryptoSlate.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Coinbase users reportedly lose over $300M yearly via social engineering scams

On-chain investigator ZachXBT recently shared data revealing that Coinbase users lose more than $300 million annually due to social engineering scams Over the past few months, numerous users have

Bitcoin Difficulty Set to Skyrocket as Hashrate Hits ‘Insane’ All-Time High of 840 EH/s

While bitcoin’s value slid beneath the $100,000 threshold, bottoming at $91,530 on Feb 2, its computational muscle flexed to an unprecedented apex Bitcoin’s Hashrate Taps an All-Time

Bitcoin Open Interest Crashes By $4.5 Billion In One Weekend, Spells Doom For Bulls

Bitcoin open interest crashed by billions in one weekend, painting a bearish outlook for the flagship crypto and spells doom for BTC bulls Despite this setback, crypto analysts have provided some

Crypto Investigator Reveals Disturbing Insights On Coinbase’s Controversial Account Blocks

In recent months, a growing number of users on social media platform X (formerly Twitter) have voiced their frustrations regarding unexpected account restrictions and blocks imposed by the US-based

Trump Signs Executive Order to Create U.S. Sovereign Wealth Fund

The post Trump Signs Executive Order to Create US Sovereign Wealth Fund appeared first on Coinpedia Fintech News As per a recent report from Bloomberg, US President Donald Trump has signed an

Dogecoin Eyes Potential Shift Toward Upward Momentum, Will It Trigger A Major Rally?

Dogecoin has lost crucial support levels leading to a price correction Even though DOGE has seen bearish movements in the past few days due to a general crypto market downswing, the dog-themed meme