bitcoin BTC
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The price of has risen more than 6% in the last 24 hours, returning to levels last seen before the collapse of Terra in May 2022.
According to The Block’s Bitcoin price page, the largest digital asset by market capitalization rose to $42,100 today. It has seen a sharp decline since breaking the milestone and is currently changing hands at $41,600.
This is a full retracement of BTC’s $41,000 level as of early May 2022. We can also see that the value of digital assets has increased by more than 150% since the beginning of the year.
The current global cryptocurrency market cap is $1.62 trillion, up 4.0% in the last 24 hours. The last time the combined cryptocurrency market capitalization reached this level was in late April 2022.
Increased trading volume
According to The Block’s data dashboard, cryptocurrency exchange trading volume in November was over $826 billion. This is the highest monthly trading volume since March of this year.
Since the beginning of this month, on-chain data shows that Bitcoin daily trading volume has increased from over $30 billion on December 1 to its current value of $32 billion. BTC trading volume is currently at a yearly high and the highest level since November 2022.
liquidation of sell position
According to data from Coinglass, 75,887 traders were liquidated in the last 24 hours, with a total liquidation amount of over $216 million. Most of these liquidations were short positions. Last day, $166 million of shorts were liquidated, while long positions were liquidated at just over $50 million.
According to Coinglass data, more than $86 million worth of leveraged Bitcoin positions were liquidated in the last 24 hours. Of these, more than $76 million were short sellers and only about $10 million were long positions.
Other blue-chip cryptocurrencies posted modest gains on Monday. Ethereum rose more than 4% to remain above $2,250. BNB recorded a slight increase of over 2% at its current price of $234. Solana has been flat over the past 24 hours, hovering around $63.50.
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