Bitcoin exceeded 57 thousand dollars in the morning hours. The number one cryptocurrency hit $57,073. Bitcoin, which later retreated slightly, finds buyers at $56,300 as of 09.30 GMT. These levels are recorded for the first time since November 2021.

With the rise of Bitcoin, traders who took bearish positions lost millions of dollars. In the last 24 hours, short positions with a total size of 271 million dollars were closed with a loss.

While it is eagerly awaited whether the largest cryptocurrency by market value will continue its rise, various comments are coming from analysts. Yesterday, we reported that Fairlead Strategies founder Katie Stockton predicted that the level of 56 thousand 400 dollars would be seen in the first stage. According to Stockton, if Bitcoin experiences a permanent break above this level, the next stop will be $64,900.

On the other hand, the total value of the cryptocurrency market increased to 2 trillion 130 billion dollars. Bitcoin accounts for $1.1 trillion of this. When looking at 24-hour performances among the top 100 cryptocurrencies, PEPE and THETA stand out. Both tokens gained approximately 50 percent in value.

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