After experiencing a bloodbath last week, the cryptocurrency market finally rebounded today (29th). Bitcoin started a wave of growth around 21:00 last night (28th), and around 6:00 this morning, it rose strongly and quickly broke through $110,000, reaching a high of $112,354. At the time of writing, it was temporarily reported at $112,275, with a 2% increase in the past 24 hours. Ethereum also rebounded, reaching a high of $4,146 this morning. At the time of writing, it was temporarily reported at $4,133, with a 2.77% increase in the past 24 hours.
The entire network was liquidated with a loss of $260 million
According to Coinglass data, during this rebound, a total of 92,762 people were liquidated across the entire network in the past 24 hours, with a total liquidation amount of approximately US$260 million; among them, long positions were liquidated for approximately US$70 million, while short positions were liquidated for US$189 million.
It is also worth mentioning that after this rebound, Bitcoin has risen by 3.59% so far this month. If it can continue to stay above 108,800 tomorrow (30), it will continue the success of Bitcoin in 2024 and 2023 and achieve three consecutive increases in September.
