Bitcoin Tags New All-Time High Above $68,730

BTC’s record price-high follows the impressive performance of spot Bitcoin ETFs and comes just weeks before its fourth halving event.

The price of Bitcoin posted a new all-time high, with BTC changing hands above its previous November 2021 high of $68,640, according to CoinGecko.

BTC last changed hands above $68,730 and followed an 8% move in 24 hours, according to CoinGecko. Bitcoin’s capitalization is also at a record high of nearly $1.35 trillion, while the combined crypto market cap is $2.54 trillion — its highest level since November 2021 and 10% shy of its $2.8 trillion all-time high.

BTC/USD. Source: CoinGecko.

The move has driven nearly  $416 million worth of digital asset liquidations over the past 24 hours including $250 million worth of shorts getting margin called, according to CoinGlass. BTC accounted for $132.5 million worth of liquidations.