Bitcoin rises, analyst on Twitter: “goodbye bears”
The market-leading cryptocurrency is on the rise on Friday, with its price rising more than $ 4,000 in the past 24 hours.
Today (CRYPTO: BTC) rose to a price of $ 47,600. At 6:30 am ET, the digital asset was trading at around $ 44,900, before jumping 6% in just 10 minutes to $ 47,600.
– Michaël van de Poppe (@CryptoMichNL) October 1, 2021
“Goodbye bears,” tweeted well-known market analyst Michaël van de Poppe following the bullish price movement that has had serious consequences for those who bet against Bitcoin.
$ 270M liquidations in an hour say hi to uptober
– Lex Moskovski (@mskvsk) October 1, 2021
539 #BTC shorts liquidated in 1 minute sending #Bitcoin to 47k.
– Daniel Joe (@ DanielJoe916) October 1, 2021
Read also: Bitcoin, Ethereum, Dogecoin lively in late September
According to sales figures provided by Bybt, short positions worth $ 270 million were liquidated within an hour.
Large cap altcoins have followed Bitcoin’s price movement: over the past 24 hours Ethereum (CRYPTO: ETH) gained 9%, Cardano (CRYPTO: ADA) was up 7%, Dogecoin (CRYPTO: DOGE) had an 8% increase e Solana (CRYPTO: SOL) jumped 13.56%.
Photo: Executium on Unsplash
Read the article also in Benzinga Italy
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