| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107355.3700000000 |
| ETH | $2438.6210000000 |
| BNB | $649.9543600000 |
| XRP | $2.1868330000 |
| ADA | $0.5615847000 |
| SOL | $150.2001000000 |
| DOGE | $N/A |
| DOT | $3.4067100000 |
| LTC | $86.7474000000 |
| LINK | $13.4316600000 |
Category: CRYPTO NEWS
The post Bitcoin Surges Above $110K Near Record Highs appeared on BitcoinEthereumNews.com. Bitcoin’s quiet climb on Monday accelerated to its strongest price in June, rebounding from last week’s decline to near all-time high levels. The largest crypto advanced by 3.7% over the past 24 hours, topping $110,000, and it’s changing hands by only 2% from its record prices observed in May. Ethereum’s ether kept pace with a 3.8% gain during the same period, bouncing above $2,620. Native tokens of Hyperliquid and SUI outperformed most large-cap cryptocurrencies, rising 7% and 4.5%, respectively. Ipagpatuloy Ang Kwento Sa Baba Bitcoin’s move higher caught leveraged traders off-guard, liquidating over $110 million worth of short positions within an hour, CoinGlass data shows. Across all crypto assets, some $330 million of shorts were liquidated during the day, the most in a month. Shorts are seeking to profit from declining asset prices. The move happened while traditional markets showed muted action, with the S&P 500 and Nasdaq indexes flat on the day. Crypto-related stocks bounced during the session to catch up with BTC’s recovery over the weekend. “A ‘peaceful rally’ is a perfect way to describe this price action,” said well-followed analyst Caleb Franzen, founder of Cubic Analytics. “Just a consistent development of higher highs and higher lows. Any signs of weakness? Buyers step in and defend the trend.” The crypto market is now on steadier footing for a potential next leg higher after bitcoin’s 10% decline to near $100,000 and with more than $1.9 billion in liquidations across crypto derivatives over the past week, having flushed excessive leverage, Bitfinex analysts noted in a Monday report. However, on-chain data indicates rising sell pressure from long-term holders that could overwhelm demand, the analysts added. “Bitcoin is now at a crossroads—balanced between structural support and waning bullish momentum, waiting for its next macro cue,” the Bitfinex note added. Those macro catalysts…
2025-06-10T02:42:15+00:00