๐ Bitcoin (BTC) exceeded the $28,000 level and reached its highest value in a month! ๐ ETF optimism and seasonality reasons are mentioned. Investors on Japanese exchange Bitbank were targeting the $28,000 level last week. This level was an important support level in the previous bull market.
๐ Other cryptocurrencies also gained value: ether (ETH) exceeded $ 1,700, bnb (BNB) and cardano (ADA) increased by 3.3%, polygon (MATIC) increased by 5.5%. Solana's SOL tokens made the biggest gain at 14.5%.
๐ธ Short-term liquidations may have contributed to the rise of bitcoin and ether. According to the data, $94 million worth of bets were affected on Sunday, creating a "short squeeze."
๐ Some investors cite historical seasonality as the reason for Sunday's gains. October is often referred to as "Uptober" and has only experienced monthly losses twice since 2013.
๐ Last week, expectations for the ether (ETH) futures ETF offered by VanEck buoyed crypto markets.
Do you think this rise will continue? We are waiting your comments! ๐ฌ
๐ Other cryptocurrencies also gained value: ether (ETH) exceeded $ 1,700, bnb (BNB) and cardano (ADA) increased by 3.3%, polygon (MATIC) increased by 5.5%. Solana's SOL tokens made the biggest gain at 14.5%.
๐ธ Short-term liquidations may have contributed to the rise of bitcoin and ether. According to the data, $94 million worth of bets were affected on Sunday, creating a "short squeeze."
๐ Some investors cite historical seasonality as the reason for Sunday's gains. October is often referred to as "Uptober" and has only experienced monthly losses twice since 2013.
๐ Last week, expectations for the ether (ETH) futures ETF offered by VanEck buoyed crypto markets.
Do you think this rise will continue? We are waiting your comments! ๐ฌ