The world’s largest cryptocurrency, Bitcoin, made an overnight attack towards its all-time high price level.
BTC, which is up 2.3% during the day, is only 0.76% away from its ATH level. The majority of the price increase occurred in the last hour.
The reason for the price increase is stated as Donald Trump postponing his tariff threats again and the fact that there is no longer much reaction from the financial world to the tariff threats.
With the sudden rise, the amount of liquidation in the cryptocurrency market in the last 24 hours reached $428 million. $380 million of these were in short positions. The amount of liquidation in the last hour was recorded as $235 million, of which $233 million were in short positions.
*This is not investment advice.