At precisely 2:30 p.m. ET on Friday, bitcoin reached a fresh all-time high on Bitstamp, hitting $77,112 per coin. This latest peak redefined bitcoin’s USD value once again. Trading in the mid-$76,500 range, bitcoin gained about 1% over the past 24 hours. Over the week, BTC has climbed 10.7%, showing a 14.8% rise over the last two weeks and a 25.8% increase in the past month.
Bitcoin Skyrockets to Historic $77K – BTC Short Sellers Take a $24M Hit
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Friday’s price lift led to liquidations totaling $260.27 million on derivatives exchanges, with $128.24 million attributed to short positions. Among those, ether traders saw $45.85 million in liquidated shorts, while bitcoin short bets accounted for $23.85 million. Bitcoin futures have surged with open interest standing at a record $47.38 billion. Notably, South Korea’s ‘Kimchi premium’ has vanished, with cryptoquant.com data showing a 2% discount relative to the global average. Currently, bitcoin is trading at $77,112 at 2:30 p.m. ET, with a slightly lower value of $76,814 per coin on Upbit. By 2:43 p.m. on Friday, BTC exchanged hands at a new high of $77,264 per coin.
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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.
