New Milestone: Bitcoin Beats May’s Peak

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BTC has finally broken out of its consolidaiton phase.

After a few weeks of trading sideways within a relatively tight range that had $110,000 as the upper boundary, bitcoin’s price finally broke above it and charted a fresh all-time high at $112,000.

Many altcoins mimicked BTC’s rally, which resulted in roughly $500 million worth of liquidations on a 24-hour scale across the market.

After the peak reached on Bitcoin Pizza Day (May 22), the primary cryptocurrency started to lose some ground, which culminated precisely a month later with a price dump to $98,000 during the Iran-Israel war.

However, the bulls managed to contain the losses, and BTC quickly topped $100,000. In fact, the asset hasn’t traded within a five-digit price territory in over two weeks.

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Integrating our Cornix trading Bots with your Binance Futures account is a swift and straightforward process. Configuration takes only a few minutes, and importantly, you won’t need to grant withdrawal permissions to anyone.

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