Bitcoin surge triggers $100 million shockwave in crypto market

2023-9-12 14:35

Quick Take

The recent surge of Bitcoin, pushing its price above the $26,000 mark, has triggered notable ramifications in the crypto ecosystem. In a span of 24 hours, Bitcoin-associated liquidations have soared over $100 million, an event reflecting the intense volatility and high-stakes trading environment inherent to the cryptocurrency market. Interestingly, this ripple effect extended across the broader crypto ecosystem, as evidenced by the substantial $178 million worth of liquidations reported across all cryptocurrencies during the same 24-hour timeframe.

Liquidation: (Source: Coinglass)

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Источник: cryptoslate.com

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Crypto market adds $150 billion in 24 hours: Why is Bitcoin up today?

Bitcoin (BTC) trades at $92,900, up 4% on the day, as $150 billion flowed into the total crypto market cap, a 3% gain as of press time. The price briefly touched $94,600 before pulling back, capping a session that saw adoption news from traditional finance converge with macro easing expectations and forced liquidations of leveraged […] The post Crypto market adds $150 billion in 24 hours: Why is Bitcoin up today? appeared first on CryptoSlate.

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