Bitcoin price breaks $ 9000 to fall again amid massive liquidation of short positions on BitMEX

On the night of Sunday, January 19, the price of the first cryptocurrency for the first time this year exceeded $ 9,000. The last time Bitcoin was trading at these levels in the first decade of November, when the market experienced an unexpected short-term surge against the background of news about China's blockchain initiatives.

According to Tradingview, the new growth of the first cryptocurrency started around 01:00 UTC on Sunday. In a few hours, the price rose to $ 9188, adjusted to the time of writing material to $ 9000. Capitalization exceeded $ 165 billion.

A number of analysts note that the growth rate of Bitcoin in this case is superior to forecasts based on annual movements. According to them, the accumulation period in the region of $ 8500 was supposed to last until the end of February.

In total, since the beginning of the year, the price of bitcoin has risen by about $ 2,000, or almost 28% in less than three weeks. The growth over the past day was about 3%.

This morning, most of the leading altcoins are in the green zone. Thus, the price of the second Ethereum cryptocurrency capitalization exceeded $ 175, XRP (+ 5%) showed good results, the capitalization of which exceeded $ 10 billion. At the same time, Bitcoin Cash and Bitcoin SV, which have shown rapid growth in recent days, have gone a slight minus.

The total market capitalization came close to $ 250 billion.

Update: At 11:00 UTC, bitcoin rapidly went down, dropping below a certain point below $ 8500.

According to datamish, in recent hours, the cryptocurrency derivatives exchange has liquidated short positions worth almost $ 110 million.