Bitcoin soared to $115,447 on Sunday night, gaining more than 2.5% against the US dollar. BTC is currently trading around $114,476, just 9.2% shy of its all-time high.
Bitcoin’s $115,000 surge causes market turmoil and leaves a trail of liquidated traders
Bitcoin prices are up from an intraday drop of $111,278, after rebounding to the $113,500 level early this morning.
By around 6pm ET on October 26th, BTC had soared to $115,447 on Bitstamp, lighting up the hourly chart. The price has calmed down a bit and is now sitting at $114,476, but it is still 5.1% higher than last Sunday.
BTC/USD 1-hour chart via Bitstamp for Sunday, October 26, 2025.
Much of Bitcoin’s upward momentum is believed to be due to the thaw between the US and China, as trade tensions appear to be starting to ease. U.S. stock futures rose Sunday night ahead of President Donald Trump’s scheduled meeting with Chinese President Xi Jinping this week. Adding more fuel, Washington finalized trade deals with Malaysia and Cambodia.
And market participants are bracing for a wave of earnings reports as the Federal Reserve cuts the federal funds rate by a quarter of a percentage point to add to the heat. The entire cryptocurrency market is glowing green with a huge 2.88% increase to $3.88 trillion. Beyond Bitcoin’s rise, Ethereum strode up 5.1%, Solana soared 2.9%, and Dogecoin rose 4.2%.
BNB remained calm with a 1.9% gain, while XRP followed closely with a 2.1% gain. There’s nothing flashy about it, just quietly accumulating profits. But behind the scenes, the derivatives arena looked more like a demolition derby. Data from Coinglass.com shows that around $392.08 million in liquidations circulated through the market, with shorts in Bitcoin alone ballooning by $87 million in the past hour after the price spike. In total, approximately 101,591 traders were wiped out. This proves that in cryptocurrencies, the house always wins when you blink at the wrong candle.
Frequently asked questions 🧠
- What is the current price of Bitcoin?
Bitcoin is trading around $114,476 on Bitstamp after hitting a high of $115,447. - What is the current size of the global cryptocurrency market?
The market capitalization of cryptocurrencies reached approximately $3.88 trillion, rising 2.88% in the past 24 hours. - How many traders were liquidated in recent moves?
Approximately 101,591 traders were liquidated, totaling $392.08 million in 24 hours. - Which major cryptocurrencies have made profits alongside Bitcoin?
Ethereum rose 5.1%, Solana rose 2.9%, and Dogecoin rose 4.2%.
