Liquidation worth over $750 million as BTC, ETH, and XRP surge to new highs in the short term
- Bitcoin jumps more than $85,000 for the first time since January, marking a significant rebound from the $75,000 low just 5 days earlier.
- Most altcoins move up alongside Bitcoin, with Ethereum reaching $2,700 and XRP rising more than 7%. Meanwhile, the total value of liquidated positions exceeds $750 million, mainly affecting short sellers.
- Over 136,000 traders were liquidated in the past 24 hours, with short positions accounting for $650 million, reflecting the level of volatility in the crypto market.
Source: CryptoPotato
🌍 Update by GemCrypto
$BTC
#Bitcoin #Crypto
- Bitcoin jumps more than $85,000 for the first time since January, marking a significant rebound from the $75,000 low just 5 days earlier.
- Most altcoins move up alongside Bitcoin, with Ethereum reaching $2,700 and XRP rising more than 7%. Meanwhile, the total value of liquidated positions exceeds $750 million, mainly affecting short sellers.
- Over 136,000 traders were liquidated in the past 24 hours, with short positions accounting for $650 million, reflecting the level of volatility in the crypto market.
Source: CryptoPotato
🌍 Update by GemCrypto
$BTC
#Bitcoin #Crypto
