Bitcoin surpassing $100,000, sparks $675 million in market liquidations

Bitcoin's milestone pass triggers liquidation frenzy across leading altcoins.

Dec 05, 2024

Happy Thursday!

Bitcoin has officially crossed the $100,000 milestone, igniting a wave of excitement and a staggering $675 million in market liquidations across various altcoins. This surge not only marks a significant achievement for the leading cryptocurrency but also brings New York Mayor Eric Adams back into the spotlight, as he faces critics who questioned his decision to accept his salary in Bitcoin and Ethereum. Meanwhile, Ripple is addressing delays related to RLUSD in New York, but XRP's ecosystem continues to thrive amid growing market momentum. In a bold statement, Russian President Vladimir Putin has endorsed Bitcoin as a potential global reserve currency, suggesting a strategic pivot in Russia's economic policy as the nation navigates Western sanctions. Keep an eye out for further insights and analysis on these significant developments!

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The global crypto market cap is $3.68 trillion, with a 24-hour volume of $360.43 billion. The price of Bitcoin is $101,582.20, and BTC market dominance is 54.9%. The price of Ethereum is $3,895.01, and ETH market dominance is 12.8%. The best-performing sector is Advertising, which gained 16%. The Crypto Fear & Greed Index is currently Greed (84).

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