Reported 29 days ago
Bitcoin surpassed $71,000 in Asian trading hours, experiencing a 5% increase in 24 hours and leading to the liquidation of over $143 million in short positions. The rise was fueled by significant trading volume, whale activity on Binance, and a net inflow of 47,000 BTC into Bitcoin ETFs, with traders anticipating bullish market conditions tied to the upcoming U.S. elections. The overall cryptocurrency market also saw gains, particularly notable in Dogecoin and other major tokens.
Source: YAHOO