Bitcoin Breaks $64K Barrier, Over $100 Million Liquidated

Bitcoin’s value skyrocketed above $64,000 early on Monday, October 14, reaching a peak of $64,109. This surge, marking a 2.1% enhance in simply 24 hours, introduced Bitcoin again to ranges not seen since September 30.
As Bitcoin rallied, the market noticed a big shake-up, with over $101.4 million in brief positions being liquidated. In complete, 54,589 merchants have been affected, with the whole liquidation quantity exceeding $166 million.
Particularly, Bitcoin shorts accounted for $53.13 million, whereas Ether (ETH), which climbed to $2,540—a two-week excessive, noticed $28.57 million in liquidations.
Bitcoin’s spectacular achieve pushed its market dominance again above 58%, near its highest level since April 2021. October is understood for its historic efficiency, with Bitcoin experiencing constructive returns in 9 of the final eleven years. This has led to hypothesis amongst analysts a couple of potential market rally, sometimes called “Uptober.”
Whereas Bitcoin stole the highlight, Ether additionally carried out nicely, reclaiming the $2,500 mark with a 2.9% achieve. Different cryptocurrencies, together with Solana (SOL), which rose 4.4% to $151.02, and high-cap altcoins like BNB, XRP, and Dogecoin (DOGE), additionally noticed slight features.
Additionally Learn: Google Removes Bitcoin and Crypto Price Charts from Search