-
Crypto Short Traders Suffer $100 Million Losses as US CPI Sparks BTC, ETH Rally
On Wednesday, the price of bitcoin demonstrated strong growth, escalating by more than $4,200 from its daily low. This 7.1% increase against the U.S. dollar propelled bitcoin past the $66,000: threshold, reaching a peak of $66,461 per coin on Bitstamp. Consequently, the entire cryptocurrency market rose by 6.2%, resulting in the liquidation of 51,567 traders on various crypto derivatives exchanges over the course of the day. Bitcoin Climbs to $66,000, Following CPI Data Release Bitcoin (BTC) has climbed 7.1% relative to the dollar, surpassing the $66,000 mark at 3:45 p.m. Eastern Time (ET) on Wednesday. At that ... (full story)
- Comments
- Subscribe
-
- Older Stories
From youtube.com/markets|May 16, 2024Russian President Vladimir Putin arrived in Beijing early on Thursday on the first foreign trip of his new term. Putin is due to meet his Chinese counterpart Xi Jinping as the two ...
From forex.com|May 15, 2024Ultimately, weaker US data equates to assumption of Fed cuts and therefore ‘easier money’, which in turn boosts appetite for risk. Yet the data cannot come in too soft, as the US ...
From fxleaders.com|May 15, 2024On Wednesday, Ethereum Co-founder Vitalik Buterin proposed increasing the Ethereum network’s gas limit by 33%. This adjustment could enhance the network’s transaction capacity and ...
-
- Newer Stories
From imf.org|May 16, 2024|1 commentMany central banks are currently exploring the possibility of issuing retail central bank digital currency (CBDC). While the primary objective varies between jurisdictions, many ...
From usnews.com|May 16, 2024The new tariffs on Chinese electric vehicles, semiconductors and medical supplies announced by the Biden administration on Tuesday raised questions for U.S. consumers and prompted ...
From fxempire.com|May 16, 2024El Salvador continues to solidify its position as a leading Bitcoin-centric nation, showcasing impressive strides in both Bitcoin mining and green energy initiatives. Recent ...
- Story Stats
- Posted: May 16, 2024 1:06am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 307
- Linked events:
