Over $600 Million Liquidated as Bitcoin’s Price Soars Towards $23K

The crypto market continues its momentum this week, now soaring up towards $23,000 – a price point it hasn’t seen in over a month. The sudden surge has liquidated over $600 million in trades.

As indicated by Coinglass.com, about $630 million has been liquidated from the crypto market within the last 24 hours.
More than half of that value – $377 million – was cleared from ETH trades, given Ethereum’s especially pronounced bounce from Monday.
Some suspect that Ethereum is rallying due to excitement about Ethereum’s Merge update, which has now been given a specific date of arrival.
Bitcoin now appears to be showing its own unique momentum. Trading at $22,460 at 15:20 UST, it quickly surged to $23,160 just 16 minutes later. At the time of writing, it trades at $22,853.

Bitcoin / USD. Source: TradingView

Read More?

Post is imported from RSS feed, by one of our guest editors. G6 does not edit or moderate the content. G6 is not responsible for your actions. No rights owned by G6. To remove the post, please email us at [email protected]

No Comments

Sorry, the comment form is closed at this time.