Bitcoin Explodes to $24K as Ethereum Consolidates Above $1,500 (Market Watch)

  • 📰 Crypto_Potato
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

Bitcoin tested $24K while Ethereum cools off a bit after increasing 50% in a week. The market sentiment is also improving.

Although Bitcoin’s price was lagging over the past few days compared to Ethereum and some other altcoins, it caught up over the past 24 hours. BTC exploded by over 7.6% and touched $24K.Over the past 24 hours, BTC managed to finally catch up to Ethereum and its ecosystem, soaring by over 7.6%. This saw its price almost touch $24K before retracing to where it’s currently trading at $23,500.As seen in the chart above, Bitcoin is attempting to break above the previously established range.

In any case, the cryptocurrency managed to close seven out of eight daily candles in the green. Today would be the 8th candle if it remains positive.a lot of liquidated positions over the past 24 hours. In total, they amount to slightly less than $300 million, $160 million of which were BTC positions. The largest single liquidation order happened on FTX, and it was also a BTC perpetual contract with a face value of $3.24 million.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 568. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ethereum Topped $1.6K as Bitcoin Touched $23K (Market Watch)Bitcoin and Ethereum both charted new monthly highs before retracing slightly. ETC continues to steal the show.
Source: Crypto_Potato - 🏆 568. / 51 Read more »

Bitcoin Rejected at $23,000 and Ethereum Breaks $1,500; Here's What Might Be Next: Crypto Market Review, July 19You should not really worry about Bitcoin inability to break $23,000 as $ETH is still leading the crypotcurrency market recovery rally
Source: Utoday_en - 🏆 295. / 63 Read more »