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Bitcoin, Ethereum, Dogecoin Spike As $65M In Shorts Liquidated In A Day: Analyst Believes Bull Run Could Catapult Crypto To New Year Yearly High
This week, we witnessed a positive development in the cryptocurrency market as Bitcoin’s strength had a ripple effect on several altcoins, causing them to surge above their respective overhead resistance levels. According to data from CoinGlass, over $65 million worth of shorts were liquidated in the past 24 hours alone, contributing to a total of $98 million in total liquidations. According to a report by JPMorgan, the approval timing for spot Bitcoin ETFs is uncertain, but it is expected that they will be approved within the next few months, possibly before January 10, 2024. JPMorgan analysts stated in their ... (full story)