Bitcoin surges, over 90,000 people are bankrupted! Tesla transfers over $700 million in Bitcoin
1min read Over the past 24 hours, the cryptocurrency market has seen a fierce battle between bulls and bears, with prices fluctuating wildly.
Just now, the price of Bitcoin rose above $68,000, its highest level since July 30.
According to Coinglass data, a total of 93,778 people were wiped out in the past 24 hours, with a total loss of over $300 million. Among them, the loss of multiple positions was $183 million, and the loss of short positions was $121 million.
With the rise of the cryptocurrency market, the premarket of US stock cryptocurrency concepts has expanded, with CleanSpark up nearly 5%, MARA up over 4%, MicroStrategy and Coinbase up over 3%.
On the news front, Bitcoin, an area that Trump had previously publicly supported, performed well when the "Trump trade" made a comeback recently.
Moreover, Larry Fink, CEO of the world's largest asset management company BlackRock, said that the future of virtual currencies including Bitcoin will not be affected by the upcoming US presidential election.
On the evening of October 16, BlackRock officially updated its holding data of iShares Bitcoin Trust ETF (IBIT), with a holding of over 375,000 BTC as of October 15, and a holding value of over $25 billion, reaching $25.064 billion.
Moreover, there was a piece of news that swept the crypto community today. It is reported that Tesla, a company under Musk's ownership, has transferred $765 million of its Bitcoin holdings to an unknown wallet. Tesla is the fourth largest Bitcoin holder among US listed companies, and market participants believe that this has increased the possibility of Tesla selling Bitcoin.