Bitcoin Tops $68,000 as Short Liquidations Hit $1.7 Billion
Bitcoin rose above $68,000 while $1.7 billion in short positions were liquidated across cryptocurrency markets. Ether increased 9% and the overall crypto market value grew 5.1%, with short liquidations representing 91% of total liquidations that day.
Read full story →Bitcoin eyes key short-term holder cost basis, signaling potential bullish trend
Bitcoin has reached price levels near the cost basis of short-term holders, which could encourage holding rather than panic selling. This price alignment potentially signals a bullish trend that might drive values higher among recent investors.
Return of the ICO? SEC Wants Token Fundraising to Escape Securities Status
A new SEC proposal would allow token offerings to raise up to 75 million dollars without registering as securities. This framework aims to create a regulatory pathway for token fundraising that avoids traditional securities registration requirements.
Bitcoin Reclaims $70,000 First Time Since June and Trump Just Hinted at More
Bitcoin exceeded $70,000 for the first time since June, with traders holding short positions losing $1.23 billion. Trump hinted at a substantial bitcoin purchase as the cryptocurrency climbed.