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Bitcoin, Ethereum, Dogecoin Suddenly Pump Wiping Over $70M In Shorts: Analyst Says, 'Welcome To Uptober', Foresees King Crypto Marching Towards $40K

From benzinga.com

Major cryptocurrencies experienced a substantial increase in value on Sunday evening, as over $100 million was unexpectedly liquidated due to a surprise surge in the price of Bitcoin. What Happened: This seems to coincide with the start of “Uptober,” a term used in the crypto world to describe the typically bullish trend of Bitcoin and other cryptocurrencies during the month of October. One particular development that has raised optimism in the crypto market is the potential approval of a spot Bitcoin ETF by the Securities and Exchange Commission (SEC). Data from CoinGlass reveals that within the last 24 hours, a ... (full story)

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  • Category: Fundamental Analysis