The positive atmosphere in the cryptocurrency market continues. In recent days, Bitcoin reached a new high in 2023, surpassing $38,000. Today, another new high in 2023 has been reached, this time for Ethereum. These developments indicate a bullish sentiment in the crypto market.
Bitcoin Reaches $39,705 and Ethereum Hits $2,186
The leader of cryptocurrencies, Bitcoin, has reached a new high in 2023, settling at $39,705. At the time of writing, BTC has retraced to around $39,322.
The leader of altcoins, Ethereum, has also reached a new high in 2023, reaching $2,186. After reaching this level, Ethereum experienced a slight pullback. At the time of writing, ETH is trading at $2,153.
Sharp Rise Leads to Liquidations
This sharp rise has also led to liquidations. Within the past hour, $51 million worth of short positions has been liquidated, while the liquidation amount in long positions is around $5 million.
In the last 24 hours, according to Coinglass data, $90 million worth of short positions and $20.64 million worth of long positions have been liquidated.
