Bitcoin

Momentum

Gains

<ul class="wp-block-list news-points">
 <li>Bitcoin neared the $97,000 price level, just 3% off from its all-time high.</li>
 <li>$1.2 billion are at the risk of being liquidated in BTC longs if BTC dips to $94.3K.</li>
 <li>XRP surged 8.17% in 24 hours amid bullish partnership announcements.</li>
</ul>
Bitcoin (BTC) made its way to the $97,000 price level in the past 24 hours, surging 0.6% and aiming for the $100,000 milestone. Following BTC’s lead, altcoins posted significant gains, with major tokens maintaining an upward trend.
As per CoinMarketCap <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">data</a>, Bitcoin trades at $96,204.85, at a 3.3% discount from its all-time high of $99,655.50, seen just six days ago. Interestingly, Coinglass data reveals $186.15 million liquidated from the crypto market, with $84.43 million in shorts contributing to Bitcoin’s price rise.
<h2 class="wp-block-heading" id="h-bitcoin-s-trading-range-and-liquidation-risks">Bitcoin’s Trading Range and Liquidation Risks</h2>
It is important to note that BTC has been fluctuating between $99,000 and $90,000, suggesting that consolidation in this zone could drive more capital into altcoins as investors reinvest Bitcoin profits.
Additionally, Coinglass <a href="https://www.coinglass.com/pro/futures/LiquidationMap" target="_blank" rel="noopener noreferrer nofollow">data</a> shows that if BTC falls to $94,300, a monumental $1.12 billion in longs are at the risk of being liquidated. On the other hand…
The post <a href="https://coinedition.com/bullish-momentum-sweeps-crypto-market-btc-hits-97k-xrp-and-algo-lead-altcoin-gains/" rel="noopener noreferrer nofollow">Bullish Momentum Sweeps Crypto Market: BTC Hits $97K, XRP and ALGO Lead Altcoin Gains</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Bullish Momentum Sweeps Crypto Market: BTC Hits $97K, XRP and ALGO Lead Altcoin Gains

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