Bitcoin (BTC) noticed one other robust rally at the moment, rising 3.25% to $123,808.32, bringing the cryptocurrency’s market capitalization to $2.46 trillion.
It’s at present buying and selling simply 0.46% off its all-time excessive (ATH), with the final report excessive being $124,457, in accordance with the info.
Every day chart displaying the rise in BTC value.
Analysts say the rise is fueled by two foremost elements: buyers viewing Bitcoin as a protected haven regardless of the federal government shutdown within the US creating uncertainty within the markets, and October being perceived as a traditionally optimistic month for Bitcoin.
Futures markets had been additionally notable for his or her exercise. A complete of $493.14 million in positions had been liquidated within the final 24 hours. Of this, $144.16 million got here from lengthy positions and $348.98 million from quick positions.
The biggest liquidations occurred in Bitcoin ($209.76 million), Ethereum ($105.91 million), and Solana ($23.27 million), respectively. The AI-focused AIA token additionally noticed $20.22 million in liquidations, and BNB noticed $11.50 million in liquidations.
*This isn’t funding recommendation.
