Bitcoin’s price saw a significant surge, reaching $66,400 on Friday, marking its highest value since early June. The digital asset experienced a rapid increase from $64,102 to $66,472 within a few hours, currently trading at $66,332.
This surge in Bitcoin’s price coincides with positive movements in other cryptocurrencies. Ethereum (ETH) is up by 2.3% to $3,488, while Solana (SOL) has seen a 7.9% increase to $169.
However, this upward trend in the crypto market also led to over $131 million in liquidations, affecting around 42,000 traders, as reported by Coinglass.
Interestingly, this surge in Bitcoin’s price comes at a time when a global computer outage has disrupted the operations of various banks, airlines, and businesses. The issue originated from a faulty upgrade by cybersecurity firm CrowdStrike, impacting partner computers, including those running on Microsoft’s Windows operating system.
Despite this widespread cyber disruption, Bitcoin’s decentralized nature has allowed the blockchain network to remain fully functional. This resilience has not gone unnoticed, with Republican Senator Cynthia Lummis highlighting Bitcoin’s stability in the face of such challenges in a tweet on Friday.
In addition to the market movements and technological challenges, there are also exclusive offers available for crypto enthusiasts. Binance is offering a special promotion of up to $600 for new users, while BYDFi Exchange has a limited offer of up to $2,888 as a welcome reward for those who register and open a 100 USDT-M position.
Overall, the recent surge in Bitcoin’s price, along with the positive movements in other cryptocurrencies, demonstrates the volatile yet resilient nature of the crypto market. Despite external challenges such as global computer outages, Bitcoin continues to maintain its value and functionality, attracting both traders and observers alike.