Bitcoin's Sharpest Rally in Five Months Flips Markets From Bearish to Coin Flip
7 Articles
7 Articles
Bitcoin Hits $71,556 as Prediction Markets Flip From Bearish to Split
Bitcoin punched through $71,556 on Thursday, a 3.26% jump that puts it on track for its strongest five-month rally in… Read the original on Bitcoin Surges Past $71,556 as Prediction Markets Shift to Split Sentiment. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
Bitcoin (BTC) Price: Jumps 8.7% to $69,749 in Sharpest Rally Since March
TLDR Bitcoin jumped as much as 8.7% Wednesday, hitting an intraday high of $69,749. That’s Bitcoin’s biggest one-day move since March 4 and its highest price since June 1. The rally followed a U.S. Treasury plan to double long-bond buybacks starting September 9. Over $1.14 billion in short positions were liquidated across crypto in a single hour. Prediction markets flipped from 70% bearish odds to a near coin flip within 24 hours. Bitcoin jumpe…
Bitcoin's Sharpest Rally in Five Months Flips Markets From Bearish to Coin Flip
Bitcoin's steepest daily gain since March caught traders off guard, and Myriad's pump-or-dump market swung from 70-30 odds to nearly even in a single day.
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