#AltcoinBreakout
The cryptocurrency market capitalization reaches $4 trillion as cryptocurrency-related bills progress in the United States
The global cryptocurrency market reached a record level of $4.02 trillion on Friday, according to data from Coingecko. Major cryptocurrencies such as Bitcoin hit an all-time high of $123,218 on Monday, while Ethereum (ETH) rose above $3,600, and Ripple (XRP) achieved a record level of $3.66 on Friday.
This broad rise in the prices of major cryptocurrencies led to a wave of liquidations in the cryptocurrency markets. According to CoinGlass's liquidation map, a total of 176,880 traders were liquidated in the past 24 hours, resulting in a total liquidation value exceeding $808 million, of which 63% were short positions.
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