Bitcoin’s price rose sharply on Sunday, coming close to $28,000 on various crypto exchanges after shattering the $27,500 key psychological
Highlights
- Bitcoin’s price rose sharply on Sunday, coming close to $28,000 on various crypto exchanges after shattering the $27,500 key psychological level earlier in the day.
- Year to date, BTC and Ether have grown 60% and 45%, respectively, recovering from all losses since the start of Q4 2022.
- The massive uplift triggered liquidations worth over $164 million in the past 24 hours, with over 45,000 short traders being caught in the crosshairs.
- Other cryptocurrencies also benefitted from the uplift, with XRP, BNB and Cardano adding over 5% over the same period.
- The broad rally in crypto markets comes amid macroeconomic headwinds that have directly affected the sector.
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