• English
  • Deutsch
  • Español
  • Italiano
  • Français
  • Polski
  • Русский
  • 日本語
  • 한국어
  • tiếng việt
  • 中文(简体)
  • Português
Sign in


Bitcoin (BTC) Price Rockets to $60K, Marking Highest Since November 2021


Bitcoin (BTC) Price Rockets to $60K, Marking Highest Since November 2021
In an astonishing surge, Bitcoin has shattered the $60,000 barrier, marking a significant milestone not seen since November 2021 when it reached its previous peak at $69,000. This latest rally has triggered over $300 million in liquidations across the market.

Bitcoin's recent bull run exhibits robust momentum, with its dominance over altcoins climbing steadily. CoinGecko reports a dominance rate exceeding 50%, a notable increase from last week's dip to 48%.

Earlier today, we covered Bitcoin's rapid movements, highlighting a substantial surge from $51,000 to $59,000 in just two days. Astonishingly, the primary cryptocurrency defied expectations and continued its rally. In a matter of minutes, Bitcoin surged by another $1,500, surpassing the $60,000 threshold for the first time since late November 2021.

At the time of writing, Bitcoin maintains its position above $60,000, reaching a multi-year peak of $63,600. This notable uptick has drastically shifted market sentiment, with investors exhibiting heightened levels of greed.

Anticipation builds in the crypto community with the upcoming halving and Bitcoin's historical performance post-halving events. Speculation is rife, with seasoned trader Peter Brandt revising his projection to an ambitious $200,000.

Bitcoin's dominance in the market has experienced a parallel surge, reaching 50.3% on CoinGecko and 52.7% on CoinMarketCap. Contrastingly, just last week, these metrics were at 48% and 49.9%, respectively.

Analyzing the market fallout, CoinGlass data reveals a staggering $315 million worth of liquidated positions on a daily scale. Notably, the majority of these liquidations originated from short positions, impacting around 100,000 traders. The largest liquidation occurred on Bitmex, amounting to a substantial $8.3 million.

Accepted Networks

World's first and the biggest crypto bidding service. With a player-centric approach, COINBLAST.COM is able to satisfy millions of clients across the globe. COINBLAST.COM has its priority set on its community, ensuring an everlasting and endlessly entertaining bidding experience.
CoinBlast.com is operated by Coinspace LLC, registered under incorporation number: 2016, Kingstown, St. Vincent and the Grenadines. CoinBlast.com service is unavailable for the residents of the U.S., Iran and GCC countries. Be aware that COINBLAST.COM is not a gambling or casino website to offer any games of chance or games of skill for money or other prizes. CoinBlast.com runs solely the penny auctions for cryptocurrencies. Thank you for choosing CoinBlast.com.