Bitcoin leapt to $115,447 on Sunday evening, gaining more than 2.5% against the U.S. dollar. At the moment, BTC is trading around $114,476, leaving it just 9.2% short of its record high.
Bitcoin’s $115K Rally Sparks Market Mayhem, Leaves a Trail of Liquidated Traders
The price of bitcoin is climbing from an intraday dip at $111,278 after bouncing to the $113,500 range earlier this morning.
By around 6 p.m. Eastern time on Oct. 26, BTC lit up the hourly chart with a sharp jump to $115,447 on Bitstamp. The price has cooled off a bit, now sitting at $114,476 — still a solid 5.1% higher than it was just last Sunday.
Much of bitcoin’s upward momentum is being credited to the thaw between the United States and China as trade tensions have seemingly started to chill. U.S. stock futures perked up Sunday evening ahead of President Donald Trump’s plans to sit down with Chinese President Xi Jinping this week. Adding more fuel, Washington wrapped up trade deals with Malaysia and Cambodia.
And to really turn up the heat, market participants are bracing for the Federal Reserve to slice the federal fund rate by a quarter point and a tidal wave of earnings reports to come crashing in. The broader crypto market is glowing green, up 2.88% to a hefty $3.88 trillion. Beyond bitcoin’s climb, ethereum strutted in with a 5.1% gain, solana popped 2.9%, and dogecoin wagged its way up 4.2%.
BNB played it cool with a 1.9% lift, while XRP trailed right behind with a 2.1% move—nothing flashy, just quietly stacking gains. But behind the scenes, the derivatives arena looked more like a demolition derby. Coinglass.com data shows roughly $392.08 million in liquidations swept through the markets, with bitcoin shorts alone coughing up $87 million in the past hour following the price spike. In total, about 101,591 traders got wiped out—proof that in crypto, the house always wins when you blink at the wrong candle.
FAQ 🧠
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What is bitcoin’s current price?
Bitcoin is trading around $114,476 after touching a high of $115,447 on Bitstamp. -
How large is the global crypto market today?
The total crypto market cap sits at roughly $3.88 trillion, up 2.88% in the past 24 hours. -
How many traders were liquidated in the recent move?
About 101,591 traders were liquidated, totaling $392.08 million in 24 hours. -
Which major cryptos gained alongside bitcoin?
Ethereum rose 5.1%, solana climbed 2.9%, and dogecoin advanced 4.2%.