Bitcoin, the main cryptocurrency by market cap, reached a brand new all-time excessive of $113,541 at 17:41 UTC on the Bitstamp trade, surpassing the $113,000 degree for the primary time.
In keeping with CoinGlass knowledge, $575 million price of brief positions have been liquidated over the previous 24 hours amid Bitcoin’s spectacular breakout.
The market cap of the main cryptocurrency has now swelled to $2.25 trillion.
Notably, Bitcoin is now near surpassing retail big Amazon by market cap for the primary time.
In the meantime, some analysts are already eyeing $125,000 as a possible short-term goal for the flagship coin.
