Crypto Market Sees $380 Million in Liquidations as Bitcoin Price Rallies Over $57,000
Bitcoin's price surged above $57,000, leading to a broader rally in the crypto market. The global crypto market cap increased by 7% to $2.25 trillion, with trading volumes also rising significantly. This resulted in over $380 million in crypto liquidations in the past 24 hours, with Bitcoin and altcoins funding rates reaching high levels. Additionally, options traders are predicting a strike price of $60K or even $70K before the upcoming Bitcoin halving, while BTC futures open interests on Binance and CME hit record highs.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Indian Supreme Court’s YouTube Channel Hacked to Promote Crypto Scam
Judge Approves Terraform Labs Liquidation, Payouts Expected for Investors
Why BlackRock Is Eyeing Bitcoin as a Hedge Against Dollar Volatility
Unveiling the Elite: 5 Titans Reshaping the Quantum Computing Landscape