Skip to main content

Bitcoin Price Jumps to $107K With All-Time High Mark in Sight

 

Bitcoin is less than 2% away from its all-time high price, hitting $107,000 on Tuesday for the first time since January.



In brief

  • The price of Bitcoin rose to $107,000 on Tuesday per data from Coin Gecko, with some trackers showing even higher daily peaks.
  • At that mark, Bitcoin is less than 2% down from its all-time high price set back in January.
  • Risk-on assets like cryptocurrencies have rebounded significantly in recent weeks as President Trump's trade war cools off.
Bitcoin is inching closer to its all-time high price mark, coming closer Tuesday afternoon than it has in four months with a jump to $107,000.

The price of the leading cryptocurrency hit $107,000 on Tuesday according to Coin Gecko, and bounced even higher per data from Comarket Cap and crypto exchange Coinbase. At $107,000, Bitcoin is now less than 2% away from its all-time high mark of $108,786 set back in January on President Trump's inauguration day.

Bitcoin has made a substantial rebound since falling to a price below $75,000 in early April amid President Trump's brewing global trade war. However, BTC has continued to tick up in recent weeks as Trump has pulled back on trade tariffs against America's partners and signaled trade deals with some of them.

Risk-on assets have benefited greatly from the cooling trade war, with other major cryptocurrencies gaining alongside Bitcoin.

Ethereum, for example, has surged by 58% over the last 30 days alone, with Dogecoin up 45% and Solana rising by nearly 23%. Meme coins have been some of the biggest beneficiaries, with some of last year's biggest coins recent skyrocketing in value.


Liquidations are growing over the last 24 hours amid Bitcoin's rising price, per data from Coin Glass, with more than half of the total $233 million worth of liquidations coming from short positions—or bets that an asset's price will go down.

Even so, the largest share of liquidations over the past day comes from Ethereum, with long liquidations making up the majority of the $69 million worth of ETH positions.

Labels:

Comments

Post a Comment

Popular posts from this blog

Best gaming console 2024

                                                      Best gaming console 2024 https://www.ebay.ca/itm/393982924812 The best gaming console-   PS5                                      https://prekite.com/view/it-sony-gaming-console-46683048 SPECIFICATIONS CPU:  AMD Zen 2-based CPU with 8 cores at 3.5GHz (variable frequency) GPU:  10.28 TFLOPs, 36 CUs at 2.23GHz (variable frequency) GPU Architecture:  Custom RDNA 2 'Oberon' Memory interface:  16GB GDDR6 / 256-bit Memory bandwidth:  448GB/s Internal storage:  Custom 825GB SSD Usable storage:  667.2GB IO throughput:  5.5GB/s (raw), typical 8-9GB/s (compressed) Expandable storage:  NVMe SSD slot External storage:  USB HDD support (PS4 games only) Optical ...
Post a Comment
Read more

SpaceX completes 300th Falcon booster landing during Starlink mission

  S paceX completed a Falcon 9 launch, highlighted by the company’s 300th booster landing to date. The Starlink 6-53 mission also marked the 30th orbital launch from Florida in 2024. Liftoff from Space Launch Complex 40 at Cape Canaveral Space Force Station happened at 6:17 p.m. EDT (2217 UTC). The 45th Weather Squadron forecast a greater than 95 percent chance of favorable weather at liftoff. The Falcon 9 first-stage booster supporting this mission, tail number B1078, made its ninth launch on this flight. It previously launched NASA’s Crew-6 mission to the International Space Station, USSF-124, and five Starlink flights. About eight and a half minutes after liftoff, B1078 landed on the SpaceX droneship, ‘Just Read the Instructions.’ In addition to this being the 300th Falcon booster landing overall, it was the 79th landing for JRTI and the 233rd droneship landing to date. The 23 Starlink satellites onboard this mission add to the 5,851 currently in orbit, according to astronomer a...
Post a Comment
Read more

NASA’s Newest Spaceplane: Dream Chaser Tenacity Arrives at Kennedy Space Center

  SOURCE - https://www.space.com/dream-chaser-space-plane-tenacity-tour.html Sierra Space’s Dream Chaser Tenacity, part of NASA’s initiative to enhance commercial resupply missions to the International Space Station, arrived at Kennedy Space Center for its first mission. After rigorous pre-launch testing, it is scheduled to deliver 7,800 pounds of cargo using a ULA Vulcan rocket. As part of NASA’s efforts to expand commercial resupply in low Earth orbit, Sierra Space’s uncrewed spaceplane arrived at NASA’s Kennedy Space Center in Florida ahead of its first flight to the International Space Station (ISS). The Dream Chaser spaceplane, named Tenacity, arrived at Kennedy on May 18 inside a climate-controlled transportation container from NASA’s Neil Armstrong Test Facility in Sandusky, Ohio, and joined its companion Shooting Star cargo module, which arrived on May 11. Pre-Launch Testing and Preparation Before arriving at Kennedy, the spaceplane and its cargo module underwent vibration ...
Post a Comment
Read more