Weekend Market Action Sees Bitcoin Touch $24K, $1 Billion in Short Positions Liquidated

Bitcoin and the crypto economy continue to see strong gains, as the price of the leading crypto-asset touched an all-time high on Saturday, December 19, 2020. That morning around 11:45 a.m. EST, bitcoin touched a price high at $24,217, but got pushed below the $24k handle shortly after.

The entire cryptocurrency economy is up over 10% during the last seven days, as a number of crypto assets have seen some decent price gains. Bitcoin (BTC) jumped above the $24k mark touching a high of $24,217 on Saturday afternoon.

At the time of publication, the leading crypto asset, in terms of market cap, is trading for $23,423 per unit. BTC has gained 21% during the last week, 25.1% in the last 30 days, and 124% for the 90-day span. The market dominance in comparison to the rest of the crypto economy today is 65%.

Weekend Market Action Sees Bitcoin Touch $24K, $1 Billion in Short Positions Liquidated
Top six digital currency markets on December 20, 2020.

Ethereum (ETH) is also doing well this weekend, and has gained over 9% this week and 26% during the course of the last 30 days. At $646 per ether, the crypto asset is also up over 90% for the last 90 days. The third-largest crypto-asset market belongs to XRP as each coin is swapping for $0.57 per token. XRP has gained 10.9% during the last week and 146% over the last three months of trading.

Weekend Market Action Sees Bitcoin Touch $24K, $1 Billion in Short Positions Liquidated
On Sunday, December 20, 2020, bitcoin cash (BCH) has spiked in value considerably. BCH gathered over 8.7% during the early morning trading sessions on Sunday (Eastern Standard).

Following XRP in the fifth position is litecoin (LTC), which is trading for $113 per coin. LTC has seen quite the spike gaining 40% this week and 168% over the 90 days. The sixth-largest crypto asset valuation is held by bitcoin cash (BCH), which captures a market cap of around $6.74 billion. Against the USD, BCH has spiked 25% this week and has gained 62% during the last three months. At press time, bitcoin cash is swapping for $350 per unit and $4.8 billion in global trade volume.

Weekend Market Action Sees Bitcoin Touch $24K, $1 Billion in Short Positions Liquidated
Bitcoin (BTC) touched a lifetime price…

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