Bitcoin reached a new all-time high of $75,242 on the day (6th) after Trump was re-elected as the US president. After a brief period of volatility for a few hours, Bitcoin reached a new all-time high of $76,422 around 5 a.m. this morning (7th).
Before the deadline, it has slightly retreated to the $75,000 level, with the 24-hour increase narrowing to 5.63%.
Ethereum, on the other hand, has shown a stronger rally compared to Bitcoin, reaching a high of $2,816 at the time of writing, with a 24-hour increase of 13.78%.
Wumei JMRF12
$587 million in liquidations across the network in the past 24 hours
According to Coinglass data, in the volatile and rising market of Bitcoin, over $587 million in cryptocurrency was liquidated across the network in the past 24 hours (short positions accounting for $397 million), with over 137,000 people being liquidated.
However, the Zone also reminds investors that the total open interest in Bitcoin on exchanges has reached a new high of $45.4 billion, which usually indicates the potential for greater volatility or that a short-term top may have been reached, so investors should be cautious.
The four major US stock indexes all rose
On the US stock market side, last night also saw a celebratory rally, with the four major indexes all closing higher:
- The Dow Jones Industrial Average rose 1,508.05 points or 3.57% to close at 43,729.93 points
- The S&P 500 index surged 146.28 points or 2.53% to close at 5,929.04 points
- The Nasdaq index jumped 544.29 points or 2.95% to close at 18,983.46 points
- The Philadelphia Semiconductor Index rose 157.74 points or 3.12% to close at 5,215.57 points
