Bitcoin (BTC) has once again made headlines by achieving a new peak. According to data from Binance, the leading cryptocurrency surged to an unprecedented $125,819 just moments ago.
The recent shutdown of the US government and the resulting global market uncertainty are considered key factors contributing to this surge.
Currently, Bitcoin is valued at $125,771, marking a 2.05% increase over the past day. Its market cap has soared to $2.5 trillion with a trading volume of $62.92 billion in the last 24 hours.
This upward trend also impacted futures markets significantly, leading to substantial liquidations totaling $303.84 million within 24 hours—$120.35 million from long positions and $183.49 million from short positions.
The breakdown of total asset liquidations in the past day is as follows:
ETH: $73.32 million
BTC: $59.04 million
COAI: $21.08 million
LEFT: $13.59 million
DOGE: $9.39 million
Experts suggest that Bitcoin’s ascent is fueled by investors seeking refuge amid political stalemates and fiscal uncertainties in America, prompting them towards digital currencies.
*This information should not be construed as investment advice.