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Bitcoin Reaches $60,000 – Over $300 Million Liquidated From Crypto Markets

Bitcoin Reaches $60,000 – Over $300 Million Liquidated From Crypto Markets

Bitcoin (BTC) broke another key level after gaining significant momentum this past week.

Bitcoin is currently trading at $60,300 after a 6% surge in the past 24 hours and a $48.2 billion trading volume.

The price surged by almost 20% in the past week and has a market cap of around $1.18 trillion.

During the past 24 hours over $316 million were liquidated from the crypto market with $132.5 million being long positions and $183.5 million being shorts.

The 1-day technical analysis from TradingView paints an extremely bullish picture. The summary and moving averages is showing “strong buy” with 17 and 14 signals respectively. Oscillators point to “buy” with 8 signals.

The altcoin market is also experiencing a significant surge with the top performers during the previous 24 hours are Pepe (PEPE) and Arweave (AR).

READ MORE: Bitcoin: Expert Predicts Skyrocketing Surge

Pepe surged by 52% and has an astonishing trading volue of around $2 billion (during the past week the meme coin gained almost 200%).

Arweave’s price registered a significant 45% price surge during the past 24 hours and reached $475.8 million in trading volume (AR surged by around 70% during the previous 7 days.

Alexander Stefanov

Reporter at CoinsPress

Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.

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