financetom
Cryptocurrency
financetom
/
Cryptocurrency
/
Single Trader Liquidated for $100 Million as Bitcoin Soars Past $123K: Market Watch
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Single Trader Liquidated for $100 Million as Bitcoin Soars Past $123K: Market Watch
Jul 14, 2025 2:18 AM

Bitcoins calm weekend didnt last long as the cryptocurrency skyrocketed to a new all-time high on Sunday evening and another one, well above $123,000, on Monday morning.

Many altcoins have followed suit by marking impressive gains over the past day, including SUI, CRO, UNI, ALGO, and others.

BTCs Latest Peak

The past week proved why the cryptocurrency world is so interesting and unexpected. Recall that just less than seven days ago, the primary digital asset was confined in a tight range with an upper boundary of $110,000. Despite a few breakout attempts, it was unable to push through.

That was until Wednesday evening. At the time, the bulls finally managed to break that resistance and drove the asset to $112,000. That was just the beginning as BTC kept climbing and neared $119,000 by Friday.

Saturday was calm, with little to no reportable action, and so was most of Sunday. Yet, the landscape changed once again later during the day when bitcoin shot above $119,000 to set a new record. Monday started with fresh gains as well, and the latest all-time high stands at over $123,000 (on Bitstamp). This means that BTC has added roughly $15,000 since last Wednesday.

Alicia BakeryCMO - A really good agencyDid you like this market update?

This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:

Invalid email address Your privacy is guranteed.Thanks for subscribing, you will get your first report in the next hours!

The move to a new peak caught short traders off guard, and the total liquidations are up to $730 million. One particular whale stands out, as they were wrecked for almost $100 million on Binance.

Liquidation Heat Map. Source: CoinGlass On the question of what could be driving todays surge, Redstones Co-founder and COO, Marcin Kazmierczak, told us the following:

Bitcoin’s breakthrough past $120,000 today marks a significant psychological milestone, extending its impressive 28% year-to-date gain. The move follows President Donald Trump’s decision to impose a 30% tariff on the EU and Mexico, alongside growing institutional adoption through record ETF inflows.

Alts in the Green

Many alts have mimicked BTCs spectacular performance lately. Ethereum has reclaimed the $3,000 line following a 3% daily jump. BNB is above $700 after a 2% increase. SOL, DOGE, ADA, HYPE, TRX, and LINK have marked similar increases.

XRP is close to $3 once again after a 6% daily pump. Even more impressive increases come from XLM, HBAR, AAVE, TAO, and ONDO. SUI, UNI, and CRO have charted double-digit gains.

The total crypto market cap has added more than $100 billion since yesterday and is up to almost $3.9 trillion on CG.

Cryptocurrency Market Overview. Source: QuantifyCrypto SPECIAL OFFER (Sponsored) Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Upcoming HBO Documentary Claims to Have Identified Satoshi Nakamoto
Upcoming HBO Documentary Claims to Have Identified Satoshi Nakamoto
Oct 3, 2024
The identity of Satoshi Nakamoto has remained a secret ever since the pseudonymous creator of Bitcoin left the scene back in 2010. Now, Money Electric: The Bitcoin Mystery claims to have identified him. According to a Politico report, Cullen Hobacks documentary is expected to air next Wednesday at 2 AM CET. Not much else is known at the time of this writing,...
Standard Chartered Highlights Good Buying Bitcoin Opportunities as BTC Falls Toward $60K
Standard Chartered Highlights Good Buying Bitcoin Opportunities as BTC Falls Toward $60K
Oct 3, 2024
Bitcoin (BTC) faces the risk of falling below its current level of $60,000 in the coming hours due to escalating geopolitical tensions in the Middle East. Analysts at British multinational bank Standard Chartered said in a note accessed by The Block that the chances of BTC declining further are high; however, investors should consider the fall as an opportunity to...
Ripple Transaction Volume Skyrockets but What Does it Mean for the XRP Price?
Ripple Transaction Volume Skyrockets but What Does it Mean for the XRP Price?
Oct 3, 2024
This week, Bitwise registered a trust entity called XRP ETF in Delaware. The following day, the asset manager filed an S-1 form with the US Securities and Exchange Commission, a necessary step for companies aiming to launch a new security and list it on a public stock exchange. As a result, the optimism surrounding a potential XRP ETF has triggered...
SEC’s Enforcement Chief Exits as Ripple Appeal Looms
SEC’s Enforcement Chief Exits as Ripple Appeal Looms
Oct 3, 2024
The U.S. Securities and Exchange Commission’s (SEC) Director of Enforcement, Gurbir Grewal, has announced his resignation, effective October 11, 2024. His sudden exit comes at a critical moment for the regulator, as it is filing an appeal in its high-profile case against Ripple. Grewal Leaving as SEC Appeals Ripple Decision The departure was announced in an October 2 press statement...
Copyright 2023-2026 - www.financetom.com All Rights Reserved