Bitcoin Surges Amid Ceasefire, Shorts Take Hit
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Bitcoin surged to its peak range of $65,000 to $73,000 following a two-week ceasefire in the war, causing $595 million in crypto liquidations across 119,000 traders. Shorts suffered the most, with $427 million lost compared to $168 million for longs. The majority of liquidations occurred in a twelve-hour window, with Bitcoin leading at $245 million, followed by Ether at $126 million. The Fear and Greed Index was at an alarming eight, and social media was five times more negative than positive. The ceasefire is conditional, and Bitcoin is currently testing its upper range bound at $72,700.
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