Bitcoin Explodes to $24K as Ethereum Consolidates Above $1,500 (Market Watch)

Although Bitcoin’s price was lagging over the past few days compared to Ethereum and some other altcoins, it caught up over the past 24 hours. BTC exploded by over 7.6% and touched $24K.Over the past 24 hours, BTC managed to finally catch up to Ethereum and its ecosystem, soaring by over 7.6%. This saw its price almost touch $24K before retracing to where it’s currently trading at $23,500.As seen in the chart above, Bitcoin is attempting to break above the previously established range.

In any case, the cryptocurrency managed to close seven out of eight daily candles in the green. Today would be the 8th candle if it remains positive.a lot of liquidated positions over the past 24 hours. In total, they amount to slightly less than $300 million, $160 million of which were BTC positions. The largest single liquidation order happened on FTX, and it was also a BTC perpetual contract with a face value of $3.24 million.

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