Bitcoin Erases Disastrous Losses as It Regains Crucial $100,000 Level
Bitcoin, the top cryptocurrency, has managed to reclaim the $100,000, experiencing extreme volatility.
According to data provided by CoinGlass, more than $161 million worth of shorts has been liquidated over the past 12 hours.
The leading cryptocurrency is currently trading at $101,295 on the Bitstamp exchange.
The cryptocurrency has now surged by roughly 11% within just hours after reaching an intraday low of $91,530 amid market uncertainty stemming from trade tensions.
Bitcoin spiked sharply higher after the U.S. and Mexico reached a deal to postpone tariffs.