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
CandyBomb x DEBIT (Episode 2): Trade to share 45,000 USDT
Trend-following bot upgrade: Custom parameter settings now supported
CandyBomb x CNPY: Trade to share 75,000 USDC
New spot margin trading pair — CP/USDT, SOPH/USDT!
Crypto prices
More
