Bitcoin (BTC) rose above $30,000 on June 21 for the first time in almost two months.
The surge of the premiere cryptocurrency has led to almost $200 million in short liquidations in the past 24 hours.
The largest cryptocurrency by market cap started its rally toward $30,000 on June 16, having gone below $25,000 briefly the day prior.
Nearly $230M liquidated
According to Coinglass, the crypto market saw $228.8 million liquidated in the past 24 hours, with more than 58,311 traders being liquidated.
Bitcoin saw $110.5 million in liquidations in the past 24 hours, while Ethereum saw $42 million. Other assets experienced less than $12 million in liquidations.
Binance saw the highest number of total liquidations, reaching $19.2 million, with OKX following at $16.7 million.
Bitcoin trading at $30k level
The price of Bitcoin is above $30,000 levels, based on CryptoSlate data.
Earlier, Bitcoin had dropped to the $25,000 level on June 15 after reaching a high of almost $31k on April 14. However, it started a rally upward on June 16 and has risen almost 15% in the last seven days.
BTC was priced at $30,450 as of 4:34 p.m. UTC. The price of Bitcoin is up overall by almost 12% over the past 24 hours.
Other leading assets have also gained value. Ethereum (ETH) is up 7.8%, while Binance Coin (BNB) is up 4%, XRP is up 4%, and Cardano (ADA) is up 10.6%.
Mentioned in this article
Editorial credits
