Reported 5 months ago
The article discusses the wild price swings of Bitcoin and Ether as traders awaited a U.S. regulatory decision on spot-based Ether exchange-traded funds. Prior to the approval, ETH dropped to $3,500, then surged to nearly $3,900 upon reports of approval, settling above $3,800. Bitcoin also experienced fluctuations, dropping to the low-$66,000s, spiking to $68,300, and then falling below $68,000. Despite this, ETH performed better, gaining 1.5% while BTC declined almost 3% in the last 24 hours. Liquidations of leveraged crypto derivative positions exceeded $350 million during the day, with most losses coming from long positions, particularly in ETH and BTC derivatives.
Source: YAHOO