Bitcoin, the most dominant cryptocurrency in the global cryptocurrency market is moving positively with the onset of the new year.
The coin has surged nearly 25% in the 14 days of the new year.
Bitcoin reclaimed the mark of $20,000 on Saturday, causing massive losses to short sellers.
Reports are stating that nearly $82,000,000 million in Bitcoin shorts have been liquidated.
The coin has seen nearly 11% surge in 24 hrs taking the price to $20,842.
At the time of this writing, the coin is trading at $20,826, 2.5% lower than its 2 month high of $21,352.
The market dominance of Bitcoin has increased to 41.0% of the market and Ethereum has a dominance of 19.3%.
Altcoins like Ethereum, Cardano and Solona have gained in the market rally.
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