Worst start to the new year since 2018 bitcoinstarted to give signs of recovery with the latest developments. With the ascension cryptocurrency bear investors suffered heavy losses in the market.
Bitcoin, which fell to the level of $ 33,000 at the end of January, is hovering above $ 41,000 at the time of this writing.
The Amount of Liquidation in the Cryptocurrency Market Exceeded $270 Million
With the spike in the last 24 hours, 72,700 traders became liquid. Thus, according to Coinglass data, the amount of liquidation among all cryptocurrencies and all exchanges has exceeded 270 million dollars in total. The largest liquidation at once in the last 24 hours was recorded as $3.18 million on the Okex exchange.
It was noteworthy that the biggest liquidations were experienced in Bitcoin with $ 106 million. Bitcoin with $68.31 million in liquidation Ethereum followed. Third place with $17.95 million wither took place. It is in fourth place with $6.38 million. LUNA found.
With BTC surpassing the $40,000 threshold, it may have left behind the stagnation period it has been experiencing for a few weeks. However, after the 6-month low recorded at the end of January, BTC gained more than 25% in value.
With BTC gaining momentum again, the world’s largest cryptocurrency became the most talked about digital currency on Twitter. 3,134,852 Tweets about BTC were posted on Twitter.
Thanks to the recent rise, the total market cap of all cryptocurrencies rose to $1.9 trillion. According to Coin Market Cap data, the total market value increased by 7.76% compared to yesterday.