<ul> 
 <li>Bitcoin’s price surpasses $30,000 for the first time since April, experiencing a significant increase.</li> 
 <li>Approximately $27 million was liquidated from exchanges as a result of Bitcoin’s rise.</li> 
 <li>The surge in Bitcoin’s value comes amid a period of increased scrutiny from the US government.</li> 
</ul> 
Bitcoin has finally broken the $30,000 barrier after a prolonged period of fluctuation since April. The world’s largest cryptocurrency by market value saw its price rise by 5.95% in the last 24 hours, reaching $30,003, according to TradingView. This increase led to the liquidation of approximately $27 million from exchanges. 
<h2 id="approximately-27-million-liquidated-following-bitcoin-s-rise-above-30-000">Approximately $27 Million Liquidated Following Bitcoin’s Rise Above $30,000</h2> 
<a href="https://en.coinotag.com/wp-content/uploads/2023/06/BTCUSDT-Binance-Chart.png"><img decoding="async" loading="lazy" class="alignnone size-full wp-image-116975" src="https://en.coinotag.com/wp-content/uploads/2023/06/BTCUSDT-Binance-Chart.png" alt="BTCUSDT Binance Chart" width="1213" height="1045" srcset="https://en.coinotag.com/wp-content/uploads/2023/06/BTCUSDT-Binance-Chart.png 1213w, https://en.coinotag.com/wp-content/uploads/2023/06/BTCUSDT-Binance-Chart-300x258.png 300w, https://en.coinotag.com/wp-content/uploads/2023/06/BTCUSDT-Binance-Chart-1024x882.png 1024w, https://en.coinotag.com/wp-content/uploads/2023/06/BTCUSDT-Binance-Chart-768x662.png 768w, https://en.coinotag.com/wp-content/uploads/2023/06/BTCUSDT-Binance-Chart-150x129.png 150w, https://en.coinotag.com/wp-content/uploads/2023/06/BTCUSDT-Binance-Chart-696x600.png 696w, https://en.coinotag.com/wp-content/uploads/2023/06/BTCUSDT-Binance-Chart-1068x920.png 1068w" sizes="(max-width: 1213px) 100vw, 1213px"></a> 
Bitcoin’s price surpassed $30,000 for the first time since April 19, reaching as high as $30,800. This surge in value resulted in significant liquidations from the market. Data from Coinglass shows that a total of $26.98 million was liquidated from exchanges. 
The largest portion of the liquidated volume came from cryptocurrency exchange Binance, where more than $26.81 million in short positions were liquidated. OKX followed Binance, with over $19 million in short positions liquidated on the platform. 
The rise in Bitcoin’s value comes during a period when the US government has adopted a more critical stance towards cryptocurrencies. 
The post <a rel="nofollow" href="https://en.coinotag.com/bitcoin-soars-beyond-30000-unravel-the-phenomenon/">Bitcoin Soars Beyond $30,000: Unravel the Phenomenon!</a> appeared first on <a rel="nofollow" href="https://en.coinotag.com">COINOTAG EN</a>.

Bitcoin Soars Beyond $30,000: Unravel the Phenomenon!

Table of Contents

CO NEWS

Other articles published on Jun 21, 2023

New BIM DAO Vote: A Key Investment in our Subsidiary BIM Finance.

Invesco Revives Spot Bitcoin ETF Application Amid Other Industry Giants

Singapore Pushes For Global Standardization of Digital Currencies

Trillions of Shiba Inu (SHIB) on the Go as Bankrupt Crypto Lender Moves Funds

ENO Token Lists on LATOKEN to Transform the Wine Industry

Bitcoin Cash (BCH) Jumps 24%, Here's What's Fueling This Recovery

Join our free newsletter for daily crypto updates!