🚀BTC price soars above $46k
🪙After a period of relative stagnation, Bitcoin is showing impressive growth. Over the past 48 hours, the cryptocurrency has soared above $46,000.

📈This growth occurs against the backdrop of a significant event for the American stock market: the S&P 500 index reached a historical mark of 5000 points, which was the first time it reached such a significant psychological level. The increase in the index's market capitalization by $8.5 trillion in three months is a truly historic achievement for the equity market.

📉BTC experienced a sharp decline after the US SEC approved a dozen spot ETFs on January 10, especially after they began trading the next day. Bitcoin lost more than $10,000 in the next two weeks, reaching a low of $38,500 on January 23. However, the bulls stepped up, pushing BTC to $43,000, where it remained for over a week.

⭕️The current growth has brought losses to traders with excessive leverage. According to CoinGlass, 37,000 traders were liquidated in the last day for a total of $115 million, with more than $80 million coming from short positions. The largest liquidation occurred on Bitmex for the BTC/USD pair, amounting to more than $5 million.

@cryptover1
🚀BTC price soars above $46k 🪙After a period of relative stagnation, Bitcoin is showing impressive growth. Over the past 48 hours, the cryptocurrency has soared above $46,000.

📈This growth occurs against the backdrop of a significant event for the American stock market: the S&P 500 index reached a historical mark of 5000 points, which was the first time it reached such a significant psychological level. The increase in the index's market capitalization by $8.5 trillion in three months is a truly historic achievement for the equity market.

📉BTC experienced a sharp decline after the US SEC approved a dozen spot ETFs on January 10, especially after they began trading the next day. Bitcoin lost more than $10,000 in the next two weeks, reaching a low of $38,500 on January 23. However, the bulls stepped up, pushing BTC to $43,000, where it remained for over a week.

⭕️The current growth has brought losses to traders with excessive leverage. According to CoinGlass, 37,000 traders were liquidated in the last day for a total of $115 million, with more than $80 million coming from short positions. The largest liquidation occurred on Bitmex for the BTC/USD pair, amounting to more than $5 million.

@cryptover1