Bitcoin Blasts Past $76K for First Time as Violent Crypto Rally Liquidates Nearly $400M Shorts
Crypto exchange Coinbase’s shares closed the day 31% higher, leading gains among digital asset-related stocks.
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Crypto exchange Coinbase’s shares closed the day 31% higher, leading gains among digital asset-related stocks.
The worst case scenario for risk assets including cryptocurrencies would be a delayed or contested election where the result is unknown for weeks, one observer noted.
Crypto-linked stocks such as MicroStrategy, Coinbase, Robinhood and bitcoin miners MARA, RIOT also suffered sizable declines.
The largest crypto has extended its year-to-date gain to nearly 75% and has more than doubled from year-ago levels.
Bitcoin’s “bullish setup” into the U.S. election next week mirrors late 2020, which preceded a 120% rally in two months, Matthew Sigel of VanEck said.
Bitcoin (BTC) is currently trading around $67,000, signaling a recovery after establishing firm support at the $66,000 level, following a … Continue reading
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Bitcoin price on Oct. 21 (CoinDesk)
Bitcoin price on 10 11 (CoinDesk)
Bitcoin price on 10/10 (CoinDesk)
One observer noted 7,000 PlusToken-related ETH transferred to crypto exchanges on Wednesday, raising concerns about potential selling pressure.