© Reuters.
NEW YORK – The saw a substantial rise today, reaching a high of $44,200 on Bitstamp during the first hours of trading in the United States. The leading cryptocurrency then stabilized around $43,945. This surge had a significant impact on the crypto market, leading to over $160 million in liquidations. Short positions were hit the hardest by this move, with around $92 million liquidated.
The price action demonstrates strong bullish sentiment in the market and underlines the decisive influence of bitcoin on the positive trajectory of the market as a whole.
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