All articles tagged with #price movement
Bitcoin briefly surpassed $110,000, leading to over $280 million in short liquidations across the crypto market, amid market reactions to U.S. employment data and ETF inflows, with Ethereum and Solana also experiencing notable gains.
Vetle Lunde, a crypto markets analyst at K33 Research, sees similarities between bitcoin's recent surge and its price pattern from 2018 into 2019. Lunde believes that faint signs last week that the US central bank would scale back its hawkish monetary policy amid mildly encouraging inflation data could boost market sentiment. Negative to neutral sales of derivatives, despite recent price gains, were further signs of investor caution. The rebound follows a year of distress, in which multiple major firms declared bankruptcy, sending risk-shy investors fleeing from crypto markets.