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Bitcoin rises 4% amid long liquidations, and short-term holders realized share
Bitcoin (BTC) climbed above $63,000 on Friday after Mt Gox pushed its repayment plans to 2025, easing tension among investors. Meanwhile, CryptoQuant data reveals that Bitcoin long liquidations hit $290 million on Thursday, the highest level since 2022. Top Bitcoin moves ahead of weekend Bitcoin declined early on Friday following speculations that a second rate cut may be unnecessary. As fears stormed the market, prices fell below $60K. Prices only began to recover after Mt Gox postponed its repayment plans to 2025. Bitcoin experienced an 11% drop between October 1 and October 11, resulting in heavy liquidations ... (full story)
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- Posted: Oct 12, 2024 4:00am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 225
