Recall

Ethereum

Bitcoin

After weeks and weeks of sideways movements without any clear signs of a breakout in either direction, the crypto market is finally on the move.Bitcoin led the charge with a massive surge that drove it to its highest price tag since the middle of June at just over $69,000.Recall that BTC dipped below $63,000 at the end of the previous business week before it found some support and recovered to $63,000 during the weekend.It started to show revival signs on Monday and Tuesday, but today’s increase is the most impressive in months.Ethereum has soared past $2,000 for the first time in months as well, and has even tapped the $2,100.XRP has finally rebounded above the key $1 support after dipping below it on a couple of occasions last week.The liquidations are also on the rise given the sharp movement. Data from CoinGlass shows that $1.2 billion worth of leveraged positions has been wrecked in the past hour alone.Naturally, the lion’s share is from shorts, as they are responsible for $1.14 billion out of the total.BTC and ETH lead the pack, with $680 million and $425 million liquidated longs, respectively.The post <a href="https://cryptopotato.com/over-1b-in-liquidations-as-bitcoin-surges-to-2-month-high-above-67k/" rel="noopener noreferrer nofollow">Over $1B in Liquidations as Bitcoin Surges to 2-Month High Above $69K</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

Over $1B in Liquidations as Bitcoin Surges to 2-Month High Above $69K

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