CRYPTO CURRENCY BITCOIN UPDATE:Mumbai: Along with the global equity markets, the cryptocurrencies market, which is considered a risky asset, has seen a huge surge in the last twenty-four hours. In the last twenty-four hours, the price of the major crypto Bitcoin touched a low of 2054 and a high of 24800 by late evening at $24500. Bitcoin has crossed the $24,000 mark with a massive surge of $2,300. Bitcoin has rallied 61 percent since its January lows. Behind Bitcoin, the prices of other cryptos including Ethereum, BNB also rose. Ethereum increased by 128 dollars to 1678 dollars while BNB increased by 24 dollars to 320 dollars. Prices have seen a surge as sluggish sales cut through. Following today's surge, the crypto market cap has also increased by 9 percent to the highest level since November last year. After the collapse of FTAX and the losses caused by the crypto lender Genesis have been recovered. The overall market cap has risen to $1.16 trillion. The market cap of Bitcoin alone was 475 billion dollars. The overall trade volume has increased by 35 percent. The players who were short selling in the market were suddenly caught in the wake of market recovery and $18.50 crore were liquidated. Liquidation is called liquidation when an exchange closes a trader's position in relation to a trader's initial margin showing a total or partial loss. Thus bearers in crypto currencies have suddenly caught up. Such a situation arises when a trader cannot meet the margin requirement for his vertical position.