Bitcoin surpassed $57 thousand in the morning hours. The number one cryptocurrency saw $57,073. Bitcoin, which then retreated a little, finds buyers at $56,300 as of 09.30 TSI. These levels are being recorded for the first time since November 2021.

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

While it is eagerly awaited whether the largest cryptocurrency by market capitalization will continue to rise, various comments are coming from analysts. Yesterday, we reported that Fairlead Strategies founder and managing partner Katie Stockton stated that the $56,400 level will 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 has reached 2 trillion 130 billion dollars. Bitcoin comprises $1.1 trillion of this. Looking at the 24-hour performances of the top 100 largest cryptocurrencies, PEPE and THETA stand out. Both tokens increased in value by about 50 percent.