Bitcoin Nears $80K as Millions Get Liquidated in Hours
Get Daily Altcoin Signals & Automated Trade Setups With Professional Trading Strategies – https://t.me/futuressignalsrobot Bitcoin's price continues to rip, with the next level in sight being $80K. Bitcoin’s price reached nearly $79,500 moments ago, causing all sorts of reactions across the crypto community. This brings its total gains for the past 24 hours to slightly more than 13%. The parabolic move has been mirrored across most of the altcoin market, with many large-cap cryptocurrencies bringing outsized gains throughout the past week. Just today, Ripple’s XRP exploded by 25%, for example. The price has since retraced to slightly below $78K. In any case, volatility has led to severe liquidations for yet another day across derivatives markets. Data from Coinglass shows that, in the past hour alone, total liquidations surpassed $330 million, the bulk of which came from short traders – somewhat expectedly. Total liquidations over the past 24 hours are ap...