Bitcoin price increased by more than 10% in a day – traders suffered losses of $ 500 million

Yesterday we reported that the Bitcoin exchange rate has reached a historic high of $ 25 thousand, and according to the market valuation, BTC has surpassed the Visa payment system. Many expected that further stabilization at $ 23 thousand would follow, but over the course of a day, the world’s first cryptocurrency rose by more than 10% and is now estimated at $ 27.7 thousand.

At the same time, the capitalization of BTC increased to $ 510 billion, and its share in the cryptocurrency market, according to CoinMarketCap, reached 70.6%. In general, since the beginning of the year, the world’s main digital coin has risen in price by an impressive 285%.

Due to unsuccessful deals, traders trading with leverage, according to, lost more than $ 500 million. Exchanges liquidated positions of 58 thousand users, and the loss of one of them exceeded $ 10 million.

American financier and author of the bestselling “Rich Dad Poor Dad” Robert Kiyosaki made a forecast in mid-December that Bitcoin will rise in price to $ 50,000 due to the influx of institutional investors into the cryptocurrency market, as well as due to economic problems in the United States. An even louder statement was made in November by the managing director of Citibank, Thomas Fitzpatrick, in a report for institutional clients: over the next year, Bitcoin will rise in price to $ 318,000, that is, more than 10 times. This is supposedly indicated by the technical analysis of the previous highs and lows of the price.

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