Bitcoin Rockets To $66,400, Triggering $131 Million In Liquidations

Bitcoin jumped above $66,000 on Friday, reclaiming its highest market value since early June.

• The digital asset’s value rose from $64,102 at 13:27 UTC on Thursday to $66,472 at 17:00 UTC. It is trading at $66,332 at the time of writing.
• This is the highest price Bitcoin has reached since early June, shortly after the U.S. Securities and Exchange Commission approved the listing of Ethereum (ETH) exchange-traded funds on national exchanges. Experts say the first batch of Ethereum ETFs are set to launch early next week.
• As Bitcoin rose, Ethereum rose 2.3% on the day to $3,488, while Solana (SOL) rose 7.9% to $169.
  according to coin glassOver $131 million worth of liquidations have occurred in the cryptocurrency market in the past 24 hours. This includes 42,000 affected traders.
• The increase is within Worldwide computer outage This affected the operations of many banks, airlines, television stations and other companies.
• The issue, which originated with cybersecurity firm CrowdStrike, arose after the company rolled out a flawed update that rendered many of its partner computers — including those running Microsoft’s Windows operating system — unable to boot.
• Thanks to the decentralized nature of Bitcoin, the blockchain network has remained fully operational.
• “Do you know what kind of currency has not been affected by widespread internet outages? Bitcoin,” I tweeted Republican Sen. Cynthia Lummis on Friday. “Vires in Numbers.”