Bitcoin's Strong Growth Acceleration Up To $11,400

The rate of the first cryptocurrency continued to grow at a rapid pace, on the night of July 28, it reached $11,400.

Elimination of short positions

The reason for this rapid boost was the massive closure of Bitcoin derivatives shorts totaling almost half a billion US dollars.

Bakkt breaks records

Another historic high in daily trading volume was hit yesterday on the regulated BTC futures trading platform Bakkt - 8,619 new contracts were opened in 24 hours, worth more than $97 million.

Reaching an annual high

Yesterday Bitcoin rose 11.1% and set an annual high. The last time such a rate was recorded was September 6, 2019. As of the time of this writing, the BTC rate is $10,900.