Crypto Blog
The price of bitcoin continues its way up and jumped above $30,000 for the first time since early August, perhaps fueled by the speculations in regards to the possible approval of a spot BTC ETF in the States.
Several altcoins have performed similarly, if not even better, in the past 24 hours, which has resulted in a large number of liquidated short traders.fueled by a false report in regard to the approval of a spot ETF and became a pump and dump, this second one seems to be more gradual and sustainable. BTC stood at around $28,000 for a few days but shot up to above $29,000 earlier Friday morning before the bullsDespite currently sitting inches below the coveted $30,000 line, BTC is still over 5% up on the day, with its market dominance soaring to nearly 52%.These bullish price movements have caused severe pain for over-leveraged short traders.
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