Bitcoin rises above $61,000 causing over $100 million in liquidations

Bitcoin price has recovered above the pivotal $60,000 mark, leading many to believe that the bulls are back and a bigger rally is in store.

At the time of writing, BTC is trading above $61,000, showing an increase of over 4% in the last 24 hours alone. Source: TradingView

As seen in the chart, the price exploded in the last hour as volatility was significantly lower before that. This move has resulted in more than $100 million in liquidations in the derivatives market over the past day. Source: Coinglass

As previously reported by CryptoPotato, the spike in volatility throughout the day comes after an assassination attempt against the Republican presidential candidate in the US: Donald Trump. Trump confirmed in an official statement that he was shot above the ear after the shooting during his latest rally in Pennsylvania. He was seen being escorted by US Secret Service agents, and in many of the images, there is blood on his face. Many meme coins associated with Donald Trump have seen massive spikes in the past 24 hours. SPECIAL OFFER (Sponsored) Binance Free $600 (Exclusive to CryptoPotato): Use this link to register a new account and receive an exclusive welcome offer of $600 to Binance (full details).

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