Bitcoin hits $94K after $420M in liquidations and geopolitical risk bid
Crypto Briefing
Bitcoin surged past $94,000, driven by $420M in liquidations and safe-haven demand following geopolitical news.Summary
Bitcoin reached approximately $94,200 on Monday, marking its highest level since early December. This surge was supported by over $420 million in leveraged liquidations that occurred within the preceding 24 hours. The rally gained significant momentum over the weekend after news broke that the US military had captured Venezuelan President Nicolás Maduro, which boosted demand for Bitcoin as a safe-haven asset. Other major cryptocurrencies also saw gains, with Ethereum rising to $3,200, Solana reaching $136, and XRP hitting $2.20.
(Source：Crypto Briefing)