Bitcoin (BTC) surpassed $30,000 for the first time in almost two months on June 21.
Nearly $200 million in short-term liquidations occurred in the last 24 hours due to the surge in premier cryptocurrencies.
The largest cryptocurrency by market capitalization started its rally towards $30,000 on June 16, but briefly slipped below $25,000 the day before.
Liquidated nearly $230 million
according to coin glassthe cryptocurrency market liquidated $228.8 million in the last 24 hours, liquidating over 58,311 traders.
Over the past 24 hours, bitcoin liquidated $110.5 million and ethereum liquidated $42 million. Other assets he liquidated were less than $12 million.
Binance had the highest total liquidation amount, reaching $19.2 million, followed by OKX with $16.7 million.
Bitcoin trades at the $30,000 level
Bitcoin price has crossed the $30,000 level, according to CryptoSlate data.
Prior to this, bitcoin hit a high of around $31,000 on April 14th before dropping to $25,000 on June 15th. However, since June 16, it has been on the rise, up nearly 15% over the past seven days.
As of 4:34 PM UTC, the price of BTC was $30,450. Bitcoin prices have risen almost 12% overall over the past 24 hours.
Other strong assets are also increasing in value. Ethereum (ETH) is up 7.8%, Binance Coin (BNB) is up 4%, XRP is up 4% and Cardano (ADA) is up 10.6%.
CryptoSlate first published an article about Bitcoin breaking $30,000 again for the first time in two months.
