After Bitcoin’s price broke the previous all-time high earlier today, the number one cryptocurrency by market cap seems to be continuing the bullish surge.
Bitcoin
saw an impressive 9.66% rise in the past 24 hours and peaked at a little over $76,000 with $114 billion in trading volume (up 143% since yesterday). BTC’s market cap currently stands at $1.5 trillion.
Ethereum
also witnessed a notable surge with the price reaching $2,700 after rising 11.36% with a $39.3 billion trading volume and a market cap of around $325 billion.
During this period $572.59 million were
liquidated
in the cryptocurrency market with $393.55 million being short positions and $179.14 million in longs (with $296.31 million being Bitcoin.)
READ MORE:
Bitcoin Poised for Parabolic Surge if This Level Holds, Says Crypto Expert
This notable bullish trend is the aftermath of the presidential election in the United States, where
Donald Trump won the race by a landslide.
Additionally, analysts are expecting a 0.25 bps
rate cut
from the Federal Reserve tomorrow, which will add to the market optimism.
