bitcoin Soars to $36,000 for the First Time Since May 2022

After yesterday’s volatile movements, bitcoin has continued its upward trend during the early Asian trading hours. The asset reached a price of just over $36,000, its highest level in a year and a half.

Altcoins Perform Even Better, Leading to $150 Million in Liquidated Trading Positions

Not only has bitcoin made significant gains, but many altcoins have also performed exceptionally well. As a result, the total value of liquidated trading positions has reached $150 million on a daily basis.

bitcoin Dominance Remains Steady at 53%

Despite some minor retracement, bitcoin is still up 4% on the day, with a market cap of around $700 billion. Its dominance over altcoins remains steady at 53%, as reported by Glassnode.

Impressive Price Jumps Seen in Solana, Uniswap, ADA, MATIC, DOT, and AVAX

Several altcoins have experienced notable price jumps during this period of increased volatility. Solana and Uniswap have both surged by double digits, with gains of 11% and 15% respectively. Other altcoins such as ADA, MATIC, DOT, and AVAX have also seen impressive price increases.

$150 Million in Liquidations and Over 60,000 Traders Impacted

The heightened volatility has resulted in significant losses for over-leveraged traders, with more than 60,000 traders being impacted. The total liquidations on a daily basis have reached $150 million. The largest liquidation order, worth over $1.5 million, occurred on Binance.

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