Bitcoin Breaks $25,000: New Record Level Set After 24 Hours

• Bitcoin (BTC) surpassed the $25,000 mark for the first time since June 2022.
• The king coin registered an 8% uptrend in the past 24 hours and had a market capitalization of over $482 billion at press time.
• Cameron Winklevoss noted that the current levels of Bitcoin are well above pre-FTX collapse in November 2022.

Bitcoin Breaks Past $25,000 Mark

Bitcoin (BTC), the king coin, has broken another level within a span of 24 hours. The largest cryptocurrency by market cap breached the $25,000 mark, a day after the coin broke another key level. The coin reached a high of $25,256 on Coinbase as per the data presented on Trading View.

Bitcoin Price Retraction After Peaking At Level

The coin’s price has retracted ever since it peaked at this level according to CoinMarketCap. Bitcoin was trading at $24,790 at press time and saw an uptrend of over 8% in the past 24 hours with a market capitalization of over $482 billion and had a market dominance of 42.8%.

Cameron Winklevoss‘ View On bitcoin Price Levels

Cameron Winklevoss, co-founder of Gemini said that Bitcoin’s price levels have surpassed the lows it registered post-FTX collapse in November 2022. At that time, BTC’s price collapsed from the $20k level to the $15k level within few days which was clearly signalled by professionals working in crypto field such as Winklevoss himself who said: „We will not be defined by it.“

Impact On Short Position Holders

The rise in Bitcoin’s price left short traders on losing end according to Coinglass as long position holders outnumbered short position holders with ratio 1:16 where 53% traders taking long positions while 46% holding short positions and more than 7 million were liquidated within last hour and total liquidation was estimated around 26$ million till 16th February 2021.


The surge in Bitcoin’s price is likely due to increased institutional involvement and an increase demand from retail investors which pushed its prices beyond 25K USD breaking all previous records set back in June 2022 and making way towards an optimistic future for cryptocurrencies.