Bitcoin has reached a new all-time high, surpassing $85,000 for the first time. With cryptocurrencies experiencing a surge, traders are facing liquidations of futures bets, amounting to $684 million over 24 hours. The price of Bitcoin is up over 6% on the day and 23% over the last week, with Dogecoin, Cardano, and Solana also experiencing sizable gains.
While most crypto prices are rising, liquidations are occurring across various long and short positions, with Bitcoin and Ethereum as the largest contributors.
