Bitcoin reached new record highs in the election-night market, reaching an astounding $75,300. The excitement on the markets was at a fever pitch. This landmark triggered significant liquidity across all trading platforms.
CryptoQuant’s data shows that short-term liquidations have reached $100 million, in just one minute. This is a historical moment for BTC.
Price explosions were triggered by Trump’s unexpected victory at the U.S. presidential election. This result has rekindled investor interest in crypto assets, as they react to possible economic policies. Bitcoin is leading the rally following the shockwaves created by the unexpected election results.
Read Related Articles
Bitcoin is now in uncharted terrain. Its rise above $75,000 represents an important statement of investor faith despite wider economic uncertainty. As BTC moves into price discovery, investors and traders are expecting further volatility.
In the next few days, it will be important as Bitcoin’s price action continues to drive liquidations The outlook of the market as a whole is shaped by the trends.
Bitcoin Bullish Phase Begins
Bitcoin’s bullish phase has begun, as it reached new record highs in the wake of Donald Trump winning his election. Trump, a crypto enthusiast, has boosted market confidence by his victory. BTC prices have risen above their previous ATHs as a result.
The bullish breakout coincided with a rapid liquidation, which signaled strong purchasing pressure. Bearish bets had been quickly unwound. Data from CryptoQuant analyst Maartunn shows that short liquidations exceeded $100 million in a single one-minute candle—an unprecedented event that underscores the power behind this rally and suggests that Bitcoin’s upward momentum is just beginning.
The volatility of the global market will continue to be high in the days ahead as markets prepare for Thursday’s Federal Reserve interest rate announcement. Investors are anticipating a volatile market, which could cause ripples across both the traditional and crypto markets.
The Fed’s dovish moves or a steady rate could boost Bitcoin and the crypto market.
Read Related Articles
As Bitcoin enters a new phase of price discovery, the outlook is bullish. Although there will be short-term volatility amid all of these events, the longer-term outlook favors a positive trend. Bitcoin is leading the crypto market in this post-election climate.
BTC visits uncharted territory
Bitcoin now trades at $73,800. It has surpassed its all-time record of $75,300. BTC is now in uncharted territory. This phase has historically signaled massive gains, as bullish energy builds.
Bitcoin is attempting to maintain momentum over the $73,800 previous high. If it holds this level, Bitcoin could reach new heights. The timing is also a good match with the week ahead, when the Federal Reserve will be meeting.
Fed interest rate decision could bring significant volatility, which may temper BTC’s growth or send it even below the $70,00 mark if outcome differs from expectations. While BTC is in this discovery phase, key levels are being closely watched by investors.
Read Related Articles
If Bitcoin can hold above $73,800, it will strengthen its bullish narrative. A pullback in price would put investor confidence and the support level to test amid broader market uncertainties. The volatility anticipated this week may be crucial for Bitcoin’s path in the coming months.
Featured picture from Dall E, chart by TradingView
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: www.newsbtc.com
