Recall that the primary cryptocurrency had calmed on Saturday after a volatile week, in which it recorded a few $6,000 to $8,000 moves. By the start of the weekend, though, it had returned to its consolidation phase of around $111,000, but the first signs of a potential breakout started to show up.<\/p>\n
On Sunday, US Secretary Bessent hinted<\/a> about a potential deal between his country and Beijing, which could be announced later this week after the presidents of the two superpowers meet in Europe.<\/p>\n This had an immediate impact on BTC’s price, which surged past $112,000 and $113,000. Its gains paused for several hours, but the bulls returned as Asia woke up earlier today. Bitcoin went on the run again, reclaiming $114,000 and $115,000 in the process.\u00a0Its peak, at least for now, is at $115,600, which is the highest it has traded since October 14.<\/p>\n Most altcoins have joined the ride, including ETH, which has jumped by over 7% and now trades above $4,200. SOL has reclaimed the $200 line after a 5.5% daily surge, while ADA is close to $0.70 after a 4.7% increase. ZEC has rocketed by over 24%, followed by PI, IP, ENA, and HYPE.<\/p>\n These impressive gains over the past day have had a profound effect on short futures traders, with more than $370 million in such positions wiped out each day. In total, nearly 110,000 traders have been wrecked since yesterday, according to data from CoinGlass.<\/p>\n The post Bitcoin Smashes $115K: $370 Million in Shorts Crushed, Altcoins Finally Wake Up<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n\n![\"Liquidation](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/10\/BTCUSD-18.png\")
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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Bitcoin’s rally that started on Sunday, following some promising news on the US-China trade deal front, has only…\n","protected":false},"author":2,"featured_media":37304,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-37303","post","type-post","status-publish","format-standard","has-post-thumbnail","category-crypto","cs-entry","cs-video-wrap"],"_links":{"self":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/37303","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=37303"}],"version-history":[{"count":0,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/37303\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/media\/37304"}],"wp:attachment":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=37303"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=37303"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=37303"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}