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After flirting with $55,000 for a ways of the day, the ticket of Bitcoin did now not hesitate to soar comfortably above $56,000 late Monday—$56,700 as of writing—reaching heady altitude no topic $157 million in Bitcoin shorts being liquidated over the closing 24 hours, based totally on CoinGlass.
The milestone comes most productive hours after BTC surged over $fifty three,000, already seeing heights now not seen since 2021.
It became October 2021 when crypto watchers like been equally breathless, looking out at Bitcoin rise above $57,000—again, as that figure represented its all-time high on the open of that 365 days—as it persisted a two-week rally. It sooner or later $69,000 in November.
This present day became an correct day for Ethereum as properly, with the ticket of ETH peaking at $3,273 about an hour sooner than Bitcoin’s breakout. It be a bunch closing seen in April 2022 when its ticket became on the formulation down from its all-time high of $4,878 in Nov 2021.
