Major cryptocurrencies experienced a strong rally on Monday, bouncing back from recent losses. The apex cryptocurrency Bitcoin surged above its 2021 peak once again.
Cryptocurrency | Gains +/- | Price (Recorded 12:00 a.m. EDT) |
Bitcoin (CRYPTO: BTC) | +5.41% | $70,230 |
Ethereum (CRYPTO: ETH) | +5.20% | $3,609 |
Dogecoin (CRYPTO: DOGE) | +3.11% | $0.17 |
What Happened: Bitcoin's value rose above $70,000 on Monday marking the first time in 10 days and showing a gain of over 6% in the past 24 hours.
In the last 24 hours, a total of 63,643 traders were liquidated, resulting in a total of $183.84 million in liquidations.
The largest single liquidation order, which occurred on Bybit, involved a BTC-USD value of $1.94 million.The sudden resurgence led to the liquidation of $183 million worth of leveraged derivatives positions across all crypto assets...