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    Home » Crypto News » Bitcoin Now at All-Time High: Breaks the 1-Month Old Peak Surpassing $62K

    Bitcoin Now at All-Time High: Breaks the 1-Month Old Peak Surpassing $62K

    Author: George Georgiev

    Last Updated Apr 13, 2021 @ 08:28

    Exactly one month after setting the previous all-time high, bitcoin’s price has done it again and just painted a fresh peak.

    It took bitcoin exactly a month to break its former all-time high and surge to a new peak. The price spiked above $62,000 on Bitstamp.

    • The previous all-time high for bitcoin’s price was set on March 13th, and it was at $61,781 on Bitstamp.
    • In a massive hourly candle just now, the price has surged above $62,000 for a brand new peak.
    • The move came following many unsuccessful attempts of BTC to break the coveted $60,000 mark, but the bulls finally managed to do it and painted a fresh all-time high.
    btcusd_chart
    BTC/USD. Source: TradingView
    • This has also led to around $900 million in liquidations in the past 24 hours alone, according to data from Bybt.
    • Most of the liquidations were of short positions, which account for around 60% in the last day.
    • The majority of them happened on Binance, which accounts for 60% of the total liquidations, followed by Huobi, Bybit, and OKEx.
    • In the past hour alone, we saw around $175 million in liquidations, with the largest single order happening on Bitmex’s BTC perpetual contracts with a face value of $10 million.
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    Tags: Bitcoin Bitcoin (BTC) Price
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    About The Author

    George Georgiev
    More posts by this author

    Georgi Georgiev is CryptoPotato's editor-in-chief and a seasoned writer with over two 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

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