Bitcoin (BTC) surged past the $100,000 mark, regaining a major six-figure valuation after a massive liquidation that caused at least $8 billion in losses for traders. The recent rally was fueled by market optimism driven by shifts in U.S. monetary policy rhetoric, with falling unemployment and hints of potential rate and monetary easing by the Federal Reserve. Traders interpreted these signals as a potential 'money printing' scenario, leading to a sharp price increase. Short sellers bore the brunt of the price surge, with a staggering $106 million in short liquidation over the last 24 hours.
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1,455% Liquidation Imbalance Stuns XRP Bulls in 1 Hour, Michael Saylor's Strategy Saw Biggest BTC Holdings Surge in Q4, 2024, Mike Novogratz Shows Support for XRP: Crypto News Digest by U.Today1,455% Liquidation Imbalance Stuns XRP Bulls in 1 Hour, Michael Saylor's Strategy Saw Biggest BTC Holdings Surge in Q4, 2024, Mike Novogratz Shows Support for XRP: Crypto News Digest by U.Today
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