This continued the weekly rise in the value of bitcoin, in which it strengthened by almost seven percent, from a level below $70,000.
This is the highest price since the fall in early February, Srna reports.
The sudden rise triggered a strong wave of liquidations of leveraged positions on crypto exchanges.
Data from KoinGlasaa shows that around $243 million was liquidated in just one hour.
The biggest losses were suffered by traders who invested in the price drop and lost more than $100 million.
In the last 24 hours, total liquidations exceeded $720 million, one of the largest waves of position closures since mid-March.
