Bitcoin rises to $66,400, prompting $131 million in liquidations

The price of Bitcoin once again surpassed $66,000 on Friday, regaining its highest market value since early June.

The digital asset went from $64,102 at 13:27 UTC on Thursday to $66,472 at 17:00 UTC. It is listed for $66,332 at the time of writing. This is the highest price Bitcoin has reached since early June, shortly after the Securities and Exchange Commission (SEC) approved Ethereum (ETH) spot ETFs for listing on national stock exchanges. Experts say the first set of Ethereum ETFs will launch early next week. As Bitcoin rallied, ETH is up 2.3% on the day to $3,488, and Solana (SOL) is up 7.9% to $169.
According to Coinglass, more than $131 million worth of liquidations have occurred in the crypto market in the past 24 hours. This includes 42,000 affected merchants. The increase comes during a worldwide computer outage that has affected the operations of several banks, airlines, television stations and other businesses. The issue, which stemmed from cybersecurity firm CrowdStrike, arose after the company pushed a flawed update that left several of its partner’s computers, including Microsoft Windows-based computers, unable to turn on. Due to the decentralized nature of Bitcoin, the blockchain network has remained fully functional. “You know what form of currency hasn’t been affected by widespread cyber outages? Bitcoin,” Republican Sen. Cynthia Lummis tweeted Friday. “Vires in Numeris”. 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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