With continuous positive news, Bitcoin has risen to a half-month high! More than 100,000 people were liquidated in 24 hours, and some people lost more than 50 million in one transaction!

On April 2, Beijing time, Bitcoin continued to rise during the day, breaking through US$60,000 per coin, the first time since March 19.

According to data from Bitcoin Home, about 358 million RMB (RMB, the same below) of funds were liquidated in the past hour, and 3.732 billion RMB in the past 24 hours, with more than 100,000 people liquidated. The largest single liquidation occurred on Bybit-BTC, with a liquidation of nearly 8 million USD, or about 52 million RMB.
In terms of news, there has been a lot of good news about Bitcoin recently. General Motors is considering using Bitcoin as a payment method for its services. At the fourth quarter 2020 earnings conference, CEO Mary Barra suggested that the company consider purchasing in Bitcoin. According to US media reports, Goldman Sachs is close to providing investment tools for Bitcoin.

In addition, JPMorgan Chase said in a report on Thursday that the decline in Bitcoin volatility will lead to more institutional adoption of Bitcoin. JPMorgan Chase estimated that if Bitcoin could be comparable to private sector gold investment, its long-term value could reach $130,000. So far this year, Bitcoin has risen 102%, while gold has fallen 9%.