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MicroStrategy and Coinbase's stock prices could shoot up if short sellers bail out, according to a report by data analytics firm S3 Partners.
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Bitcoin (BTC) is back in positive territory today. Yesterday’s surge of nearly 8% on Bitstamp saw BTC shoot back past $10,000 and then briefly clip the $10,750 mark on Tuesday. Most of the cryptocurrency market followed, with only a handful of altcoins in the red.
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In a sea of mostly red, the Loom Network price is up over 20% in the past 24 hours. What exactly is the Loom Network, and what could possibly propel the price to shoot up in such a short period of time? Read more to find out.
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Crypto-focused stocks also bounced higher, led by bitcoin miners Riot Platforms and Hut 8.
This week’s quick plunge and rebound in cryptocurrency prices triggered $256 million in liquidation losses, Coinglass data shows.
In the last 24 hours, Bitcoin has experienced a 2% surge, pulling the broader crypto market along with it into a bullish trajectory. Leading the charge among altcoins are PEPE with an 8% gain, followed closely by SHIB and HBAR both at 6.
Bitcoin (BTC) saw a significant resurgence over the past few hours after hitting the lowest price since June 21 at $28,641 yesterday. At press time, BTC has experienced a 3. 7% hike from its low. In fact, BTC even brushed past the $30,000 mark, indicating a substantial shift in market sentiment.
The price surge liquidated some $34 million of short positions in the past 24 hours, the most this month, CoinGlass data shows.
The Bitcoin crash of last week was a brutal one for the market. It saw the digital asset lose its footing from where it had been trending just below $30,000 to crash to the mid $17,000s before a recovery had begun.