2024-9-30 10:58 |
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Bitcoin price in Telegram @btc_price_every_hour
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After a crypto rally wiped almost $300 million in short positions, Nansen shared reasons for the rapid price recovery.
Crypto-focused stocks also bounced higher, led by bitcoin miners Riot Platforms and Hut 8.
MicroStrategy and Coinbase's stock prices could shoot up if short sellers bail out, according to a report by data analytics firm S3 Partners.
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.