Bitcoin Explodes to 18-Month Peak, Leaving $150 Million in Liquidations

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Bitcoin Explodes to 18-Month Peak, Leaving $150 Million in Liquidations
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Yesterday’s rollercoaster was just the beginning for bitcoin as the asset went back on the offensive during the early Asian trading hours and soared to just over $36,000 for the first time since May 2022.

After several hours of trading quietly around that level, the bulls took charge early on Thursday and initiated a massive leg up that only capitalized on the gains registered during October. Despite losing some ground since then, BTC is still 4% up on the day, with a market cap of around $700 billion. Its dominance over the altcoins is also steady at 53% and even in anSolana and Uniswap have both shot up by double digits, by 11% and 15%, respectively. Impressive price jumps also come from the likes of ADA, MATIC, DOT, and AVAX.

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