Bitcoin Surges to Almost $37K, Triggering Over $140 Million in Liquidations

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5 Feb 2024

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HOME » CRYPTO NEWS » BITCOIN SURGES TO ALMOST $37K, TRIGGERING OVER $140 MILLION IN LIQUIDATIONS

Bitcoin Surges to Almost $37K, Triggering Over $140 Million in Liquidations

Author: Dimitar Dzhondzhorov

Last Updated Nov 9, 2023 @ 04:56
Bitcoin (BTC) surpassed $36,700 for the first time since May 2022.
The price of the primary cryptocurrency has soared once again, hitting a fresh 18-month peak of approximately $36,700 (per CoinMarketCap’s data).
Other leading digital assets, including Ether (ETH), Binance Coin (BNB), Cardano (ADA), Polygon (MATIC), Polkadot (DOT), and more, are also well in the green.
The latest green wave in the cryptocurrency market, specifically BTC’s rise, has resulted in millions of dollars of liquidations.
Source: CoinMarketCap
According to CoinGlass, the total liquidations for the past 24 hours have soared to almost $150 million, with more than 80% of that amount being short positions.
Bitcoin trades comprised over $65 million of the total figure, while Ether followed second with around $16 million.

Multiple analysts, and even the AI-powered language model – ChatGPT, have assumed that BTC’s uptrend is nowhere near its end, predicting its price could tap a new all-time high in the following months.
The main factors that might contribute to such a jump could be the potential approval of a spot BTC ETF in America, mass adoption, the upcoming halving, and others.
Those curious to observe five price predictions coming from prominent figures could take a look at our dedicated video below:

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Tags: Bitcoin Bitcoin (BTC) Price Bitcoin Bull Run

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About The Author

Dimitar Dzhondzhorov
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Dimitar got interested in cryptocurrencies back in 2018 amid the prolonged bear market. His biggest passion in the field is Bitcoin and he was fascinated with its journey. With a flair for producing high-quality content, he started covering the cryptocurrency space in late 2018. His hobby is football.

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HOME » CRYPTO NEWS » THE MOST RECENT BITCOIN PRICE PREDICTIONS

The Most Recent Bitcoin Price Predictions

Author: George Georgiev

Last Updated Sep 17, 2023 @ 07:41
Many have tried to predict the Bitcoin price – some successful and some not.
Not so long ago, we made a list of the top 5 Bitcoin price predictions since April 2023, but since making that list, there have been a few more that deserve attention.
Here are a couple of Bitcoin price predictions made only recently.

New Bitcoin All-Time High, but When?

The first prediction comes from a popular social media commentator who goes by the X handle BitQuant.
He observed that BTC’s price isn’t going to top out before the halving, but it will be reaching a new all-time high.

The commentator said that the price is unlikely to reach $160K “because the magnitude of every pullback is large.” According to this, the peak of the cryptocurrency will come after the halving, somewhere in 2024, and the price target for that is $250K.
Source: X

Short-Term Bitcoin Price Prediction

The next forecast was given by a market expert and co-founder of the popular cryptocurrency analytics resource – Glassnode.
He opined that the recent volatility was caused by the release of the US Consumer Price Index and that there are important levels ahead, with $27K being the most imminent one.
Nevertheless, he said that $30K seems like the most probable route for BTC:

Risk Signal’s nosedive into the 60s signifies this attitude shift. Profit booking pressure may loom around $27.4k and $28.2k, but this climb seems poised as a step before tackling the psychological barrier at $30k.

Source: X

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George Georgiev
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Georgi Georgiev is CryptoPotato's editor-in-chief and a seasoned writer with over four years of experience writing about blockchain and cryptocurrencies. Georgi's passion for Bitcoin and cryptocurrencies bloomed in late 2016 and he hasn't looked back since. Crypto’s technological and economic implications are what interest him most, and he has one eye turned to the market whenever he’s not sleeping. Contact George: LinkedIn