Outside Source
Bitcoin (BTC) blasted back above $31,000 on Friday, resuming a week of bullish gains following BlackRock’s Bitcoin spot ETF application last week.
- The asset, which touched a high of $31,400 at 16:13 UTC, now trades for $31,117.
- The milestone puts Bitcoin’s total market cap back above $600 billion, and its market dominance above 51.86%.
- Data from Coinglass shows that over $108 million in crypto market liquidations have occurred in the past 24 hours, affecting close to 36,000 traders.
- “The largest single liquidation order happened on OKX – BTC-USDT-SWAP value $1.54M,” the site states.
- Bitcoin continues to outperform Ether (ETH) this week, which remains sequestered under $2000.
- Some investors including MicroStrategy’s Michael Saylor believe that continued enforcement action against the rest of the crypto space will cause Bitcoin dominance to keep rising.
This article first appeared at CryptoPotato
