Bitcoin has surpassed $98,000 today as liquidations in the crypto market have reached over $1.1 billion. This surge in Bitcoin’s price follows a significant wave of liquidations among traders. Liquidations often occur when positions are forcibly closed due to losses, leading to dramatic market shifts. The recent price increase reflects growing volatility in the cryptocurrency space, with traders reacting swiftly to market movements. Bitcoin’s climb appears driven by various market factors, highlighting the unpredictable nature of crypto assets.
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