Bitcoin Price Hits New All-Time High Resulting in $1B Crypto Liquidations

Quick Summary:

The flagship coin signaled the onset of a fresh parabolic rally fueled by rising demand from institutional investors, and soon nation-states.

However, Bitcoin’s short-term traders should be wary of a potential sell-the-news bubble after the inauguration of Donald Trump tomorrow.

The altcoin industry followed in similar volatility, thus resulting in $1.25 billion in forced liquidations, with over $911 million involving long traders.

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Article Details

Author / Journalist: Elena R

Category: Crypto

Markets: United States

Topics: News Price Analysis Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-20 @ 07:45:03 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 293 words

Reading Time: 2 minutes read

Sentences: 26 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 25278815

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About Coinpedia

Main Topics: Crypto

Official Website: coinpedia.org

Update Frequency: 24 posts per day

Year Established: 2016

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #112

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