Summary
TLDR: Bitcoin price climbed above $56,000, reaching new highs despite $157 million in shorts being liquidated. MicroStrategy increased its Bitcoin holdings, causing a $620 million bump in value. Ethereum also saw gains, peaking at $3,273.
Key Points
1. Bitcoin surged comfortably above $56,000 late Monday, reaching $56,700, despite over $157 million in Bitcoin shorts being liquidated in the last 24 hours.
2. The milestone occurred just hours after BTC surged over $53,000, marking heights not seen since 2021.
3. Top institutional Bitcoin holder MicroStrategy increased its Bitcoin holdings to 193,000 BTC, with the value rising by $620 million in a single day.