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Gate Square New & Returning Creator Rewards are ongoing!
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Bitcoin Surges Past $94K Amid $420M in Liquidations and Geopolitical Developments
Source: CryptoNewsNet Original Title: Bitcoin hits $94K after $420M in liquidations and geopolitical risk bid Original Link: Bitcoin surged past $94,000 on Monday, fueled by over $420 million in leveraged liquidations over the past 24 hours, according to CoinGlass data.
The rally began on Thursday as the new year kicked off and gained momentum over the weekend following geopolitical developments that sparked renewed demand for safe-haven assets.
By 1:30 pm ET, Bitcoin was trading around $94,200—its highest level since early December. The rally lifted major tokens as well, with Ethereum rising to $3,200, Solana at $136, and XRP hitting $2.20.