Bitcoin Surges Beyond $60K, Resulting in Over $100M in Liquidations
Bitcoin’s price has rapidly climbed toward $61K in a sudden upward spike.
Following several days of volatile trading, Bitcoin has broken through the critical $60K threshold today.
As illustrated in the chart below, this sharp rise saw BTC gain more than $1,000 within a single hour.
As previously reported by CryptoPotato, the $60K level holds significant technical importance. Currently, Bitcoin is advancing toward $61K and is approaching the crucial 200-day moving average, which is around $63K.
If Bitcoin manages to surpass this average, it could signal a renewed rally and boost market optimism.
This rapid price increase has also led to a spike in liquidations, with over $100 million in derivatives positions being cleared in the past 24 hours.
