Bitcoin exceeded $35,000 for the first time since 7 May 2022

Economy

On 23 October, the price of the bitcoin cryptocurrency surged 15 percent in the past 24 hours on trading platform Binance to surpass $35,200, hitting a 1.5-year high.

Bitcoin exceeded $35,000 for the first time since 7 May 2022

The world's largest cryptocurrency by market capitalisation has risen more than 20 per cent in the past week as increased interest in the digital asset has driven prices higher. Bitcoin last reached this level in May 2022.

According to Coinglass, more than 91,200 traders have been liquidated for more than $310 million.

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