Source: Crypto.news ↗
Bitcoin breaks $80K as crypto shorts lose $378M in one hour
Translation unavailable. Please try again.
What the source reports
Bitcoin has climbed back above $80,000 on Nov. 4 as short liquidations across the cryptocurrency market have reached $378 million in one hour, following several sessions of withdrawals from U.S. spot Bitcoin ETFs. According to CoinGlass, total liquidations reached $466.33…
Read the original report on Crypto.news ↗Live market context
Market figures are live reference data, not evidence that this report caused a price movement. Not financial advice.
Related news
Open news desk →Eric Trump’s American Bitcoin posts $126M Q3 profit, adds 425 BTC
Eric Trump-backed American Bitcoin posted $126 million in Q3 profit on $197.3 million in Bitcoin gains, even as mining revenue and margins declined.
Bitcoin and gold surge after US elections, but $378 million short squeeze casts doubt on debasement trade
Bitcoin's rally above $81,000 alongside gold has revived speculation that investors are seeking protection against the weakening US dollar. The largest cryptocurrency rebounded from about $75,600 on Nov. 4, while gold futures surged 3.4% to $4,061.10, their biggest daily gain in three months. The dollar also weakened as investors digested the Democrats' sweeping victory in… Read the full story on ...
Bitcoin Soars Past $80K, Official Trump (TRUMP) Tanks by Another 15%: Market Watch
VVV is the other major loser today, while PIEVERSE has rocketed by double digits.