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Bitcoin Rallying on Monday
Bitcoin prices are rallying hard on Monday, extending gains from Friday with the futures market now up 10% off last week’s lows. The leading crypto coin has had a slow start to October, typically seen as one of the best performing months, but now looks to be gathering momentum for an upside break. Industry data from CoinGlass shows that over $100 million in shorts have been liquidated in recent days as BTC turned higher. This short squeeze should keep prices propped up near-term as further shorts exit the market. Looking ahead this week, expectations of a fresh rate cut from the ECB should feed into bullish ... (full story)
