Bitcoin price rises to 55 thousand dollars, the highest level since May 2021
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Answer Bitcoin price rises to 55 thousand dollars, the highest level since May 2021
Suddenly and quickly, Bitcoin moved in a huge green candle, through which Bitcoin achieved a level of more than 55 thousand dollars.
The recent rally in the bitcoin price reached $55,555 on Binance, a price we haven’t seen since May of this year.
Bitcoin rally since the beginning of October:
Bitcoin has gained 8% in the last 24 hours, with a lot of it coming in the last 60 minutes.
As shown in the chart above, the price reached a high of $55,555 on Binance before pulling back to where it is currently trading at around $54,000.
Read:The influx of crypto companies into sports… $2.4 billion spent in 18 months
This was the highest price for Bitcoin since May 12, 2021.
It is also worth noting that Bitcoin’s market dominance is also on the rise, rising to 44.6% at the time of this writing, its highest in two months.
The last hour saw a total of $162 million liquidated, 89% of which were short positions.
This means that in the last 60 minutes alone, $145 million of short positions have been liquidated, the majority of which came from cryptocurrency exchange Huobi.
Read:CoinEX prepares to launch leveraged service “Margin Trading”
The biggest single liquidation took place on “Huobi,” where one of them lost $11 million.
Read also:
BTC whales continue to accumulate the largest over the past 27 months
Trading volume on Binance increased in September despite regulatory tightening
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