Bitcoin Breaks $90,000 – Bullish Surge Seems Unstopable

Bitcoin reached yet another major milestone after it's remarkable performance since the end of the presidential elections in the US.

Bitcoin is up 5.63% in the past 24 hours and 22.05% on the weekly chary with a market cap of around $1.793 trillion. This past day BTC’s trading volume is down 35% to $102 billion.

This upswnig led to 554.7 million being liquidated from the cryptocurrency market – $350.87 million in long positions and $203.84 million in shorts.

TradingView’s 1-day technical analysis shows a very bullish santiment with the summary and moving averages pointing to “strong buy” at 16 and 13, respectively, while oscillators show “buy” at 3.

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The total crypto market cat is currently $2.98 trillion after rising 3.29% today.

Today’s biggest gainer is the trending memecoin Peanut the Squirel (PNUT), which recently got a surprise listing by Binance. The altcoin has surged more than 250% in the past 24 hours, 1,300% since last week and has a market cap of around $1.7 billion.

Alexander Stefanov