bitcoin And altcoinThere has been a huge increase in the last 24 hours. BTC As it approached $29,000 with a 7% increase, many altcoins also saw increases.
This rise in BTC Ethereum (ETH) and what the SEC qualifies as securities Cardano (ADA) It allowed altcoins like Bitcoin to rise as much as 7% and experience one of the biggest single-day gains this month.
ISLAND And ETH outside Bitcoin Cash (BCH) and Conflux (CFX) Like altcoins, they also experienced huge increases exceeding 15%.
While these rises were experienced in Bitcoin and altcoins, investors who were in short positions were also left behind and liquidated.
coinglassAccording to data from , $125 million worth of short positions in crypto futures have been liquidated in the last 24 hours.
Among the short positions that were liquidated, Bitcoin took the first place with $ 54 million. after BTC ETH, Litecoin (LTC), Arbitrum (ARB), and XRP It was seen that altcoins such as
DeFi protocol speaking to Coindesk and assessing the recent rise Eitan Katz, CEO of Kima said:
“Blackrock’s spot Bitcoin ETF offers an explanation or a unique solution that sets it apart from previous ETF records.
This application includes a surveillance-sharing agreement with Nasdaq, which means Nasdaq has access to trade data, including customer IDs.
Many are commenting based on the success rates of BlackRock’s ETF applications. In this regard, if BlackRock’s application is approved, this ETF will attract more investors, including institutional and high-net-worth individuals, to Bitcoin and cryptocurrencies.”
*Not investment advice.
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