Bitcoin (BTC) reached a new milestone on Tuesday, hitting an all-time high of $93,975. This record-breaking moment underscored Bitcoin's dominant presence in the cryptocurrency market.
The leading cryptocurrency registered a 3.3% gain against the U.S. dollar in just one day, showcasing its volatile yet potentially lucrative nature. Additionally, it has climbed 7.5% over the week, indicating strong momentum.
As a consequence of this surge, shorts totaling $44.4 million were liquidated. Bitcoin's towering market capitalization now stands at $1.86 trillion, reflecting its overwhelming influence in the financial space.
