The price of bitcoin recently reached $26,400, reaching its peak in nine months.
This is a result of a largely good CPI print and expectations that interest rate rises will slow down.
This is a result of a largely good CPI print and expectations that interest rate rises will slow down.
The cryptocurrency market received a positive message from this, and as a result, Bitcoin rose past $25K once the news broke.
But, it didn’t take long for the price to have another impetuous leg up and hit about $26.4K.
But, it didn’t take long for the price to have another impetuous leg up and hit about $26.4K.
As per Coinglass data, the move led to an enormous $120 million being liquidated in the previous hour alone.
Short holdings accounted for the majority of the liquidations.
Short holdings accounted for the majority of the liquidations.