Bitcoin (BTC) rose above $30,000 on June 21 for the first time in nearly two months.
The surge in the premiere cryptocurrency has led to nearly $200 million in short liquidations in the past 24 hours.
The largest cryptocurrency by market capitalization began its rally towards $30,000 on June 16, after briefly dropping below $25,000 the day before.
Nearly $230 million liquidated
According to Mint glasssaw the crypto market liquidate $228.8 million in the past 24 hours, liquidating over 58,311 traders.
Bitcoin saw $110.5 million in liquidations in the past 24 hours, while Ethereum saw $42 million. Other assets faced liquidations for less than $12 million.
Binance saw the highest number of total liquidations, reaching $19.2 million, followed by OKX with $16.7 million.
Bitcoin trading at $30k level
Bitcoin price is above $30,000, based on data from CryptoSlate.
Previously, Bitcoin had fallen to the $25,000 level on June 15, after reaching a high of nearly $31,000 on April 14. However, it started an upward rally on June 16 and is up nearly 15% in the past seven days.
BTC was priced at $30,450 as of 4:34 PM UTC. Bitcoin’s price is up nearly 12% in the past 24 hours.
Other leading assets have also appreciated in value. Ethereum (ETH) is up 7.8%, while Binance Coin (BNB) is up 4%, XRP is up 4% and Cardano (ADA) is up 10.6%.
The post Bitcoin breaks $30,000 again for the first time in 2 months appeared first on CryptoSlate.