Ethereum

Bitcoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/market-surges-as-bitcoin-and-ethereum-lead-crypto-recovery" rel="noopener noreferrer nofollow">Market Surges as Bitcoin and Ethereum Lead Crypto Recovery</a><br></p>
<p style="text-align: justify">In a significant market rebound, the <a href="https://en.bitcoinhaber.net/goldman-sachs-predicts-early-interest-rate-cuts-signaling-boost-for-bitcoin-and-risky-assets" rel="noopener noreferrer nofollow">cryptocurrency</a> market capitalization has seen a sharp increase, recovering a substantial part of its prior losses. The market value soared 13% to $2.498 trillion, up from a recent low of $2.208 trillion. <a href="https://en.bitcoinhaber.net/bitcoin-attracts-20-million-in-institutional-funds-over-the-past-week" rel="noopener noreferrer nofollow">Bitcoin</a> and <a href="https://en.bitcoinhaber.net/ethereums-potential-surge-with-upcoming-etf-decisions" rel="noopener noreferrer nofollow">Ethereum</a> led the charge with impressive gains of around 12.5% and 16.5%, respectively.</p>
<h2 id="enthusiasm-ahead-of-bitcoin-halving">Enthusiasm Ahead of Bitcoin Halving</h2>
<p style="text-align: justify">The resurgence is largely attributed to the anticipation surrounding the Bitcoin halving event, which has historically propelled the market. Despite a 17.5% pullback in Bitcoin’s value and slowing inflows into spot exchange-traded funds, the overall sentiment remains bullish about Bitcoin’s price trajectory surrounding the halving.</p>
<p style="text-align: justify">Investment firm Primitive Ventures’ founder Dovey Wan views the current price trend as part of a typical three-stage cycle seen around previous halving events, which usually involves a correction before a substantial rally.</p>
<h2 id="short-positions-face-squeeze-in-futures-market">Short Positions Face Squeeze in Futures Market</h2>
<p style="text-align: justify">The heightened market volatility has also had a significant impact on the futures market, with a surge in short position liquidations totaling close to $180 million in a single day. Bitcoin short positions bore the brunt of the liquidations, at $65.50 million, and Ethereum followed closely with $47.38 million.</p>
<p style="text-align: justify">Notwithstanding the challenges for short-sellers, data from the trading analysis platform Coinalyze reflects an increasing open interest in crypto futures. This suggests growing market participation and a positive shift in investor sentiment, as open interest hints at the total value of outstanding futures contracts in the market.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/market-surges-as-bitcoin-and-ethereum-lead-crypto-recovery" rel="noopener noreferrer nofollow">Market Surges as Bitcoin and Ethereum Lead Crypto Recovery</a></h5>

Market Surges as Bitcoin and Ethereum Lead Crypto Recovery

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