Bitcoin Price Surge: BTC Hits $98K as Crypto Liquidations Exceed $1.1 Billion

In a dramatic market movement, Bitcoin has shattered the $98,000 barrier, signaling strong bullish momentum across cryptocurrency markets. This price breakthrough coincides with massive liquidations exceeding $1.1 billion, primarily affecting leveraged short positions. The substantial liquidation volume indicates heightened trading activity and potential market volatility as Bitcoin approaches the psychological $100,000 milestone. Major cryptocurrencies including Ethereum (ETH) and other altcoins are following BTC's upward trajectory, creating a wave of optimism among investors and traders worldwide.