Bitcoin Tests $20k As End of Week Rally Continues

Bitcoin is pushing against the $20k price level for the first time since early November, prior to FTX’s collapse.

• As of 22:28 UTC, Bitcoin traded at $19,962, up from roughly $18,800 at the start of the day.
• Its price climbed especially fast 21:34 UTC, when it sprang from $19,450 to $19.823 within 5 minutes. 
• Liquidations remain high, with $70 million across 45,000 crypto traders being cleared within the past hour, according to Coinglass.
• The largest liquidated trade within the past 24 hours took place on OKX, affecting a BTC-USD swap for $4 million. 
• Bitcoin has been rallying since Thursday when Bitcoin broke past $19,000 for the first time in months, triggering $350 million in liquidations. 
• The Bitcoin Fear and Greed Index rose again on Friday from a score of 30 to 31, indicating slightly more greed.