MOSCOW, May 19. /TASS/. The price of Bitcoin rose above $107,000 for the first time since January 24, 2025, before shifting into a downward trend, according to data from the Binance platform.

As of 03:08 Moscow time, Bitcoin was up 3.88%, trading at $107,108. By 13:50, the cryptocurrency had reversed course, falling to $102,935, showing a decline of 0.87%. At the same time, Ethereum had dropped by 3.56%, trading at $2,415.

According to data from Coinglass, global cryptocurrency exchanges liquidated the positions of more than 154,000 traders over the past 24 hours, totaling $667 mln. The majority of these liquidations were in Ethereum. Approximately $463 mln accounted for long positions, while $204.22 mln were short positions. The largest liquidation order in the past 24 hours occurred on the HTX crypto exchange in the ETH-USDT trading pair, totaling $8.21 mln.

Bitcoin is a decentralized system of the eponymous cryptocurrency based on blockchain technology, which can be "mined" (issued) by any user participating in the system.

The concept was published in November 2008 by its creator (or group of creators) under the pseudonym Satoshi Nakamoto. Although the idea has existed for over a decade, Bitcoin has gained peak popularity only in recent years. The issuance of Bitcoin is inherently limited, and the majority of coins have already been mined.