Bitcoin’s value momentum continues to shatter data, with the highest crypto reaching a brand new all-time excessive.
On Dec. 16, information from CryptoSlate confirmed that Bitcoin peaked at $106,488 throughout Asian buying and selling hours earlier than settling at $104,771 on the time of reporting.
This milestone extends the flagship digital asset’s spectacular rally, which gained momentum following Donald Trump’s election victory in November. Over the previous month, Bitcoin’s worth crossed the $100,000 mark for the primary time after rising by greater than 15% in the course of the reporting interval.
When priced in euros, Bitcoin additionally achieved a brand new all-time excessive, hitting €101,212 earlier than retracing barely to €99,610 at press time, in line with CoinMarketCap. That is the primary time the highest asset’s worth has crossed the €100,000 mark.
Crypto liquidation
The sharp value improve has led to substantial liquidations throughout the crypto market. Coinglass reviews that merchants speculating on Bitcoin misplaced $119 million previously 24 hours, most of those losses coming from bearish positions.
Traders’ complete losses over the identical interval soared to $312 million when factoring in different cryptocurrencies. Quick merchants bore the brunt, accounting for almost $200 million of the liquidations, highlighting the unstable nature of the crypto market throughout this bullish part.