Ah, the sweet taste of victory for the bitcoin bulls 🐂💸! The cryptocurrency’s price has skyrocketed to a new all-time high, leaving the bearish short sellers to nurse their wounds – a whopping $302 million worth of wounds, to be exact 🤕.
Just a day after Nvidia reached a $4 trillion market capitalization, bitcoin decided to one-up them and blow past $113K on Thursday afternoon. It’s like the cryptocurrency was saying, “Hey, Nvidia, that’s cute. But let me show you how it’s done” 😏.
The signs of a rally were there on Wednesday, when the digital asset rose to just below $112K. But on Thursday, it was like the floodgates had opened, and bitcoin surged by more than 3% to reach a fresh all-time high of $113,699.03. The data vendors were a bit slow to catch up, but eventually, they all agreed – bitcoin had reached new heights 📈.
A Look at the Carnage
As of this writing, the cryptocurrency has been trading between $109,059.38 and $113,699.03 over the past 24 hours. The quoted price was $113,316.60 at the time of reporting, representing a 3.68% jump since yesterday and a 3.37% increase over the past week. It’s like bitcoin is saying, “I’m not done yet, folks. Buckle up” 🚀.
Trading volume since Wednesday afternoon surged 49.04% to $65.31 billion. Bitcoin’s market capitalization naturally climbed 3.68% and is now sitting at $2.25 trillion. The BTC dominance is on its way back to 65% after increasing by 0.07% since yesterday to reach 64.80%. It’s like the cryptocurrency is flexing its muscles, saying, “I’m the king of the castle, and don’t you forget it” 💪.
Total value of BTC futures contracts jumped by 10.55% to $83.23 billion in the last 24 hours. Liquidations, as mentioned earlier, were heavy at a whopping $312.64 million since yesterday. Short sellers bled profusely, getting wiped out to the tune of $302.56 million. Bulls suffered a relatively smaller $10.09 million in liquidations. It’s like the cryptocurrency is saying, “You should have gone long, folks. Now, you’re just a footnote in the history books” 😂.
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2025-07-10 21:02