Bitcoin increases to $ 31,000 and triggers liquidations of $ 108 million

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Bitcoin (BTC) rose to over $ 31,000 again on Friday and continued a week full of upward gains after BlackRock had submitted a Bitcoin Spot ETF application last week.

  • The asset, which reached a maximum of $ 31,400 at 16:13 UTC, is now being traded for $ 31,117
  • Due to this milestone, the overall market capitalization of Bitcoin is again over $ 600 billion and its market dominance at over 51.86 %.
  • Data from Coinglass show that cryptocurrency market liquidations worth over $ 108 million have taken place in the last 24 hours, of which almost 36,000 dealers were affected.
  • "The largest individual liquidation order was made on OKX-BTC-Unddt-Swap worth $ 1.54 million," says the website.
  • Bitcoin continues to surpass ether (Eth) this week, which is still below $ 2,000.
  • Some investors, including Michael Saylor from Microstrategy, believe that continued enforcement measures against the rest of the cryptor compartment will lead to the dominance of Bitcoin.

Bitcoin / USD. TradingView.