BCGAME - Free 5BTC Daily Bonus!- Bitcoin Surpasses $76K in Impressive Rally
- Shorts liquidation hits nearly $400 million
- Impact of Trump's victory on digital assets
In a historic milestone for the cryptocurrency market, Bitcoin (BTC) has broken through the $76.000 barrier, reaching a new all-time high of $76.400. This event occurred amid heightened optimism fueled by Donald Trump’s victory as president of the United States, which many analysts believe could be beneficial for digital assets.
Alongside Bitcoin’s surge, other cryptocurrencies have also seen significant gains. For example, Ethereum (ETH) has seen an 11% increase in the past 24 hours, reaching nearly $2.700. Additionally, Uniswap (UNI) has seen an impressive surge, with its price rising to $9,33, representing a 28% increase.
Solana (SOL) also saw a surge, with its price reaching $186,99, a 10% increase. Other cryptocurrencies such as NEIRO, LDO, ENA and RAY stood out with gains of up to 30% on the day, with NEIRO recording a notable increase of 50%.
The strong cryptocurrency rally not only drove up prices, but also had a major impact on the derivatives market. According to data from CoinGlass, around $592 million worth of leveraged derivatives positions were liquidated during the day. Notably, $390 million of these liquidations were made by shorts, those who were betting on falling prices, marking the largest short squeeze seen in the past six months.
