Bitcoin explodes over $ 26,000 and leaves over $ 120 million in one hour
Bitcoin explodes over $ 26,000 and leaves over $ 120 million in one hour
The price of Bitcoin has risen to the highest level in nine months and reached $ 26,400 a few moments ago
This is done against the background of a somewhat positive CPI printing and the hope of slowing down the interest rate increases.
- as cryptopotato As reported before, the consumer price index for all urban consumers rose 0.4 % to 6 %. every year.
- This sent a positive signal on the entire cryptocurrency market and let Bitcoin rise over $ 25,000 at the announcement.
- , however, it took less than an hour later when the price experienced another impulsive upswing and reached almost $ 26.4,000 at Binance.
- Data from Coinglass show that a whopping $ 120 million was liquidated in the last hour alone.
- The majority of the liquidations came from short positions.
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