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Reading: Bitcoin and Ethereum rallies spur market liquidations of more than $1 billion
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The cryptonews hub > Blog > Trending News > Bitcoin and Ethereum rallies spur market liquidations of more than $1 billion
Trending News

Bitcoin and Ethereum rallies spur market liquidations of more than $1 billion

Crypto Team
Last updated: May 9, 2025 11:12 pm
Crypto Team
Published: May 9, 2025
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wp header logo 190 Bitcoin and Ethereum rallies spur market liquidations of more than $1 billion

According to CryptoSlate’s data, Bitcoin reclaimed a key milestone, surpassing $100,000 for the first time since early February. The asset briefly touched a high of $104,000 before retreating slightly to around $103,000 at the time of writing. This marks one of its strongest performances in recent months and reflects renewed investor momentum.

Meanwhile, Ethereum followed with a sharp 25% gain, climbing to $2,486. This marks its highest level since March and indicates a strong market-wide recovery across top-tier assets.

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The sudden upswing triggered widespread liquidations, primarily from traders betting against the market.

Ethereum saw the highest liquidations overall, with $307 million from shorts and $122 million from longs. Bitcoin followed closely, with $332 million in long and $31 million in short liquidations.

source

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