Altcoins also rise as Bitcoin touches $73,000 for the first time in seven months

Bitcoin surged by around 6%, while Dozico surged by 14%, causing a rally in virtual currencies.
On the market cap, Bitcoin surged 5.95% from 24 hours earlier to $73,054 (approximately 11.2 million yen).
This is the first time Bitcoin has surpassed $73,000 again in more than seven months, since March of last year.
According to MarketCap data, Bitcoin's all-time high was $73,750, which was recorded on March 14. 〇If it rises by just $700, it will reach a new all-time high: Bitcoin is at $73,750.
000, if it rises by just $700, it will again reach its all-time high. The reason Bitcoin is rallying on this day is because Bitcoin has surpassed $70,000 again.
This is because a large amount of short selling was liquidated. 〇 Massive liquidation of Bitcoin short selling: Short selling forces who bet on Bitcoin's weakness caused another rally, with Bitcoin surpassing $70,000.
According to cryptocurrency media CoinDesk, about $143 million was lost in the past 12 hours.
It was revealed that the short selling volume of about 22 billion yen (about 22 billion yen) was liquidated. Not only that, but the recent rally in Bitcoin has also led to a resurgence in Bitcoin exchange-traded funds (ETFs).
Money is flowing in. Bitcoin ETFs have seen net inflows of roughly $3.3 billion over the past two weeks, CoinDesk reported.
When Bitcoin surges, other coins also rally in unison.
Ethereum, which is ranked 1st, has soared 6.49%, and Solana, which is ranked 5th, has soared 3.50%. DoZico has soared 14%: Not only this, but the representative meme coin (popular coin)
) DoZicoin has soared by 14%, Shibainocoin by 10%, and Pepecoin by 11%. 〇Option price is formed at $75,000 (about 11.5 million yen).
Bitcoin options traders are increasing their bets that the cryptocurrency will hit a new record high by the end of November.
Options expiring Nov. 8 are priced at $75,000, about $2,000 higher than the all-time high.