On a single day, Bitcoin’s price rose from 94,000 USD to 97,469 USD, marking an impressive increase of 3,500 USD. This surge has rekindled interest in the cryptocurrency market.
Bitcoin’s trading volume reached 24.27 billion USD, contributing to 33.11% of total trades. Currently, it faces resistance at significant levels of 97,800 USD and 98,000 USD.
The liquidation of over 40 million USD in short positions indicates renewed investor enthusiasm, with expectations for Bitcoin to surpass 100,000 USD as companies increase their BTC holdings.
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