The cryptocurrency’s price hit a new all-time high and climbed past $113K on Thursday afternoon, leaving bearish short sellers bleeding to the tune of $302M.
Bitcoin Soars Past $113K, New Level Unlocked
Just a day after California-based chipmaker Nvidia (Nasdaq: NVDA) became the first company to reach a $4 trillion market capitalization on Wednesday, bitcoin ( BTC) rose to an all-time high, blowing past $113K on Thursday afternoon. Short sellers betting on the cryptocurrency’s price to fall suffered heavy losses totaling more than $302 million, according to Coinglass.
Signs of a rally began on Wednesday when the digital asset rose to just below $112K depending on the exchange quoted. Data vendors such as Coinmarketcap average out the prices of all asset pairs (such as BTC/USD) for a cryptocurrency across multiple exchanges to arrive at a single “official” price. That price will differ slightly from one data vendor to another and from one exchange to the next.
Yesterday, not all vendors quoted a new record price for bitcoin, but today was unambiguous, BTC surged by more than 3% to reach a fresh all-time high of $113,699.03, according to Coinmarketcap.
#Binance #wendy #BTC $BTC
