Bitcoin Breaks $90,000 Resistance, Triggers Record $450 Million in Liquidations Across Crypto Markets
NEW YORK, NY - November 13, 2024 - In a volatile trading session on Wednesday, the price of btc surged past the $90,000 mark for the first time, reaching an all-time high before experiencing a sharp pullback. According to market data, the btc rally triggered a cascade of liquidations totaling approximately $450 million within a 24-hour period, predominantly impacting short sellers who had bet against the leading cryptocurrency. The move was attributed to a combination of sustained institutional inflows through spot exchange-traded funds and heightened speculative retail interest, as btc continues its upward trajectory amid a bullish macroeconomic outlook. Analysts caution that the rapid price appreciation may be followed by consolidation, but the immediate momentum remains overwhelmingly positive for the digital asset sector.