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Before Powell's Impactful Speech see Bitcoin, Cryptocurrency Prices with Confident Trends. Read here Now to learn more
Bitcoin holds above $63,600 as markets await Powell's speech. Discover how this event could affect cryptocurrency prices on September 26.
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Bitcoin BTC News
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Welcome to BTC News β Your Daily Source for Bitcoin and Cryptocurrency Updates!
Bitcoinβs newest rally, the place the token got here near 2022 highs, blindsided a majority of merchants hoping for a drop. Information on Monday confirmed that almost $140 million value of BTC quick positions have been liquidated within the final 12 hours.
Quick positions within the crypto market had jumped over the weekend, with merchants seemingly anticipating consolidation after the marketβs newest rally. Complete market capitalization rose 12% to over $2 trillion up to now seven days.
A bulk of those positive factors have been attributed to bettering institutional sentiment round crypto, which has seen a number of main hedge funds and Wall Road banks enhance their publicity to the area.
Elevated whale buying and selling has additionally boosted in style altcoins similar to Ethereum (ETH) and Solana (SOL).
