$500M in Shorts Liquidated as Bitcoin (BTC) Blasts Above $101K

It has almost been inevitable today that Bitcoin will eventually go beyond the coveted milestone of $ 100,000 and after a brief hesitation, the asset climbed to a new peak of several months above $ 101,000.
Altcoins have followed suit with massive price gains from Pepe, Suis, Fartcoin and many others.
Cryptopote reported earlier that BTC had reached $ 99,700 in the midst of information according to which China and the United States will have talks later this week in Switzerland with regard to the conclusion of a tariff agreement. Later, Trump had a big announcement for tomorrow that will involve the United Kingdom.
BTC was held near the six -digit entry territory for almost all day and was arrested there at the start. However, the asset took place an hour ago and continued to reach a new three -month peak over $ 101,000.
Recall that it barely a month ago, the primary cryptocurrency struggled at less than $ 80,000 and even poured a hollow of 2025 under $ 75,000 in the darkest hours of the trade war.
Now, however, the Bitcoin ceiling has marked another record level, while the break up of $ 100,000 could be different from that of previous increases.
Virtual and Pengu lead daily earnings of the 100 best alts, with price overvoltages of 36% and 33%, respectively. Pepe, Suis and Fartcoin follow suit by translating daily jumps from 20 to 25%.
Even Ethereum has climbed two figures in the last 24 hours and has managed to exceed $ 2,000 for the first time in many more than a month.
The total value of liquidations on a daily basis is up to $ 580 million, according to CorciLass. The majority, expected, comes from short positions (nearly $ 500 million). The total number of shipwrecked trades is more than 145,000.
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