Bitcoin reached a peak of $107,115 per coin on Sunday evening at approximately 8 p.m. Eastern time, notching a 3.5% gain against the U.S. dollar. At this valuation, the premier digital asset exceeds the worth of a full kilogram of .999 fine gold, equivalent to 33 troy ounces. Trading at $106,508 per coin at present, bitcoin’s market capitalization clocks in at $2.11 trillion. Within the past four hours alone, more than $44 million in short positions tied to BTC were liquidated across derivatives platforms. Total liquidations across the crypto sector surpassed $546.46 million, encompassing both shorts and longs. The upward movement in bitcoin’s price has amplified gains for the Hyperliquid whale’s 40x leveraged long, which now stands near $12 million in profit at the time of writing.
$2 Trillion Titan: Bitcoin Breaks Records With Historic Weekly Close
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Today also represents bitcoin’s highest weekly close ever recorded. The previous benchmark stood at $104,298.70 for the week ending Dec. 9, 2024. With the current weekly candle closing at $106,530, bitcoin has eclipsed its prior record and logged a new pinnacle for its weekly performance.
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WRITTEN BYBitcoin.com News DeskEditorial Desk Reporter
The Bitcoin.com News Desk publishes timely reporting on market developments, protocol updates, regulatory changes, and industry announcements across the cryptocurrency sector.
