Over $100 million in bitcoin and ether shorts have been liquidated over the past 24 hours.
This can partially be attributed to a global easing cycle opening up with Swiss National Bank being the first major central bank to cut rates
The crypto market began the Asia trading day in the green, as traders cheered BlackRock's foray into asset tokenisation and the beginning of the global central bank easing cycle., the world's largest digital asset, traded at $67,300, up 4.9% on a 24-hour basis and ether traded 4.7% higher above $3,400. TheShorts that bet against bitcoin and ether are seeing significant losses.
"Even though a market correction seems long due, the medium term looks pretty upbeat for equities, residential real estate, gold, bitcoin, etc., if this is the case. From this angle, it is unsurprising that #equities and #gold already made fresh all-time highs," founder and manager of the Blokland Smart Multi-Asset Fund,in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin & Bitcoin Cash Among Top Crypto Gainers as Crypto Prices Pump: What About Green Bitcoin?Crypto Blog
Read more »
Bitcoin, Ether fall while spot bitcoin ETFs log record outflowsThe price of bitcoin and ether dropped to its lowest point in the past two weeks as spot bitcoin ETFs saw record outflows earlier this week.
Read more »
Crucial Bitcoin Message Sent by Michael Saylor to Community As BTC Tops $61,000Vocal Bitcoin evangelist has made an important Bitcoin call on the global cryptocurrency community
Read more »
Analyst Predicts Bitcoin Price Will Reach New ATH Soon with Green Bitcoin Also Expected to RiseCrypto Blog
Read more »
Bitcoin Price Falls Over 9% But New Green Bitcoin ICO Raises $4.5mCrypto Blog
Read more »
The Feds Are Reportedly Investigating Ethereum FoundationEther is currently trading at $3,240 while Bitcoin is at $63,097.
Read more »