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International Business Times

Business

Nica Osorio

EXPLAINED: Bitcoin unstoppable as it explodes above 41k triggers 190m liquidations | Vintage Vibes

Bitcoin ETF Eric Balchunas Crypto SEC

Bitcoin standing on edge amongst other scattered bitcoins. (Credit: QuoteInspector.com/flickr)

KEY POINTS

Bitcoin rallied above $41,000, a value not seen since April 2022
The surge could be due to the optimism surrounding spot BTC ETF applications
Bitcoin was trading in the green zone at $41,418.72 as of 4:10 a.m. ET on Monday

Bitcoin, the world's largest crypto asset by market capitalization, is unstoppable with its value exploding above the $41,000 threshold and triggering nearly $150 million in liquidations.

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