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Bitcoin Holds at $56K as Liquidated Short Tally Reaches $280 Million – Decrypt

After surging above $56,000 on Monday night, Bitcoin still had plenty of momentum on Tuesday morning. BTC was trading at $56,607.57 early Tuesday morning. Bitcoin prices are up 11% in the past day and 33% since last month, according to data from CoinGeco. And in just one day, $278 million worth of short Bitcoin positions […]

Bitcoin Shorts Lose $150M As BTC Poised for ‘Tremendous Upside’ – CoinDesk

Leveraged bets against Bitcoin (BTC) have lost more than $150 million in the past 24 hours, with the price rising 10% to record its biggest single-day gain since October, with solid new bullish momentum This spurred calls for market prices. Bitcoin briefly breached the $57,000 level early Tuesday, the highest since November 2021, due to […]

Ether's Bitcoin Beating Rally Not Just Because of Potential ETF Approval: Bernstein – CoinDesk

ether (Ethereum)the world’s second-largest cryptocurrency has surpassed its larger rival Bitcoin (Bitcoin), up 33% year-to-date. This rally is Possibility of approval In a research note on Monday, broker Bernstein said of spot exchange-traded fund (ETF) investment amounts. First, Ether supply is deflationary and has not increased since the advent of the Ethereum blockchain. shift The […]