Bitcoin Blasts Through $88,000 As Market ‘Euphoria,’ Regulatory Optimism Take Hold
Even as Bitcoin (CRYPTO: BTC) crossed $88,000, up nearly 11% in 24 hours and over 30% the past week, experts say that “euphoria has set into the market,” suggesting prices could reach $100,000 before encountering serious resistance.
This rise has fueled significant liquidations totaling $655.12 million across long and short positions, sparking conversation about the factors driving Bitcoin’s rally and its potential trajectory. BTC had set an all-time high of $88,364 at the time of publication.
According to data from CoinGlass, shorts worth $341.88 million got liquidated over the past 24 hours.
Speaking with Benzinga, Azeem Khan, co-founder of Morph, said, “Now that Bitcoin has crossed $85k, we’re absolutely at the place where euphoria has set into the market.” He cautioned against further buying due to the high likelihood of a future correction.
With factors like the Trump …
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