Bitcoin has experienced an up-and-down couple of days, with the rise bringing the leading cryptocurrency past the historic $100,000 price milestone late Wednesday, and the resulting plunge on Thursday rapidly dropping the price under $93,000 as crypto liquidations piled up.

By comparison, Friday has been much calmer for the market—and Bitcoin is starting to gradually regain ground lost during Thursday's sudden bloodshed.

Bitcoin hopped back above the $100K mark early Friday afternoon, breaching the six-figure realm around 12:45pm ET and continuing to climb up to a price of $101,878. It has since cooled to $101,233, with BTC effectively flat over the last 24 hours.

Bitcoin
BTC
+10.79%$93,760.22
24H7D1M1YMAX
Created with Highcharts 10.3.312:00PMApr 1912:00PMApr 2012:00PMApr 2112:00PMApr 2212:00PMApr 2312:00PMApr 2412:00PMApr 25$90000$82500$85000$87500$92500$95000
Price data by
BTC price

Thursday's pain for traders betting the future price of Bitcoin and other leading cryptocurrencies isn't too far in the past, however, with data from CoinGlass showing about $890 million worth of liquidations across all assets over the past 24 hours.

Bitcoin is responsible for the majority of those, totaling over $489 million worth, primarily made up of long positions—that is, bets that an asset's price will go up in the future—at $408 million.

Image created by Decrypt using AI

Bitcoin ETFs Now Hold More BTC Than Satoshi Amid 'Mind-Blowing' Growth

Wall Street’s imminent embrace of digital assets was once a rallying cry for Bitcoin boosters, who believed a suite of suit-wearing investors would inevitably dominate the emerging market. As spot Bitcoin ETFs surpassed Satoshi Nakamoto’s holdings Thursday, they were proven right. As of Thursday’s market close, spot Bitcoin ETFs collectively held 1,105,690 Bitcoin worth $110 billion, according to CoinGlass data. Issued by 10 asset managers in the U.S., the clutch of products began trading Januar...

NewsCoins
3 min read
André Beganski

While there's no immediately obvious cause of Bitcoin's rebound Friday, the swing came following a relatively strong U.S. jobs report Friday morning, along with Donald Trump's appointment of venture capitalist David Sacks as the White House's first-ever AI and Crypto Czar in the upcoming administration.

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.
Decrypt Learn Courses Complete
View on Walrus
Decrypt Learn Courses Complete
View on Walrus