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    Home»Bitcoin»Breaking: Bitcoin Hits $75,000
    Breaking: Bitcoin Hits ,000
    Bitcoin

    Breaking: Bitcoin Hits $75,000

    By Alex DovbnyaNovember 6, 2024Updated:November 6, 2024No Comments2 Mins Read
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    The worth of Bitcoin, the most important cryptocurrency, hit a brand new all-time excessive of $75,080 at 3:08 UTC on the Bitstamp alternate. 

    Associated

    Here's Why This Bitcoin Market Cycle Is Different

    It has since given up some features, at present buying and selling barely above the $74,000 stage. 

    The main cryptocurrency surged by greater than 6% on Tuesday after experiencing a extreme drop earlier this month.  

    In response to information supplied by cryptocurrency analytics agency CoinGlass, greater than $350 million value of quick positions acquired liquidated over the previous 24 hours. Binance, OKX, and HTX are among the many prime exchanges by whole liquidations. 

    Notably, a whale shorting Bitcoin (BTC) lately acquired liquidated for almost $75 million following Bitcoin’s large surge.   

    In response to CryptoQuant Ki Younger Ju, U.S. Bitcoin market sentiment has managed to recuperate after a complete month of unfavorable premium. 

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    Medical Tech Company Wants to Raise More Cash to Buy Bitcoin

    Bitcoin’s earlier report excessive was set again in March following the launch of varied spot ETFs within the U.S. Bitcoin got here near recording a brand new lifetime peak final week. Nevertheless, again then, it confronted a pointy rejection. Now, the bulls have lastly managed to a discover a footing above the $73,000 resistance stage.  

    The cryptocurrency’s market cap is at present approaching $1.5 trillion, which makes it one of the beneficial property.    

    Different main cryptocurrencies have additionally surged considerably greater, in keeping with CoinGecko information. Solana (SOL) is up by greater than 15%.   

    Dogecoin (DOGE), the main cryptocurrency by market capitalization, has vastly outperformed the broader market, surging by 27%.   

    Bitcoin, Ethereum, Solana, and Dogecoin are among the many prime cryptocurrencies in relation to liquidations. 

    In the meantime, the shares of MicroStrategy (MSTR) are up by greater than 10% in pre-market buying and selling. 



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