Imagine this: Bitcoin, that digital squirrel of the financial world, decided to go all diva on us this Sunday evening, hitting a shiny peak of $107,115 per coin. Yes, you read that right. Around 8 p.m. Eastern time, like a teenager refusing to leave the party, Bitcoin strolled past its previous self, gaining 3.5% against the almighty dollar, which of course is Uncle Sam’s version of Monopoly money.
At this astronomical price, Bitcoin now outweighs a kilogram of fancy, ultra-pure gold, which in crypto-speak means about 33 troy ounces of “I can’t believe it’s not real gold.” Currently lounging at $106,508, Bitcoin’s market cap has ballooned to a staggering $2.11 trillion. Because, apparently, someone out there thinks this digital magic internet money is worth more than a small country’s GDP. And within the past four hours alone, more than $44 million in short positions related to BTC were liquidated—just like carnage at a particularly volatile firework show. Over the entire crypto sector, total liquidations exceeded $546.46 million, reminding us all that “HODL” is sometimes just a fancy way of saying “please don’t ask me how this ends.”
Meanwhile, the gains have turned a Hyperliquid whale—a trader with more leverage than an industrial crane—into a millionaire overnight. That’s right, their 40x long bet is now near $12 million in profit, making the average person’s savings look like pocket change. Cheeky, isn’t it?
And just when you thought this story couldn’t get any more ridiculous—voila! Bitcoin has set a new weekly close record, surpassing its previous high of $104,298.70 from December 9, 2024. The latest weekly candle closed at $106,530, officially making Bitcoin the overachiever of the financial world, leaving its previous records trembling in its digital dust. Looks like Bitcoin’s on a mission: conquer, boast, and make your old financial plans look like amateur hour.
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2025-05-19 03:57