Bitcoin added more than seven grand in value in the past week and soared past $60,000 for the first time since the end of August earlier today.<\/p>\n
The altcoins are also well in the green, with ETH rising above $2,400, LINK exploding by 6%, and even more gains from some meme coins.<\/p>\n
CryptoPotato<\/em> reported<\/a> the substantial crash that occurred last Friday when BTC dumped from over $57,000 to $52,500 in hours. At the time, most experts blamed it on macroeconomic factors as well as the growing net outflows<\/a> from the spot Bitcoin ETFs.<\/p>\n However, the cryptocurrency began to recover some ground in the subsequent seven-day period and even the CPI data on Wednesday could not keep it down<\/a> for long.<\/p>\n The bulls\u2019 most notable leg up occurred on Friday evening \u2013 a week after the aforementioned calamity \u2013 as bitcoin skyrocketed to a 16-day peak of over $60,500.<\/p>\n Despite losing some traction since then, the asset is still above the coveted $60,000 line, meaning it has gained over 12% in the past week. This massive surge came amid the trend change in the ETFs, but also after MicroStrategy\u2019s announcement<\/a> about its latest massive BTC purchase.<\/p>\n <\/a>Bitcoin\/Price\/Chart 14.09.2024. Source: TradingView<\/p>\n The altcoin space has seen impressive increases from the likes of ETH (3%), DOGE (4.5%), XRP (2.5%), TON (4%), AVAX (3.5%), SHIB (4%), LINK (6%), and others. Some meme coins like PEPE have jumped by over 7% in the past day.<\/p>\n The total value of liquidated positions has risen to almost $130 million on a daily scale. GIven that 80% of them are from short positions, this means that over $100 million traders with bearish sentiment have been wrecked, according to CoinGlass.<\/p>\n The post Bitcoin Shoots Past $60K for the First Time in 2 Weeks, Liquidating Over $100M in Shorts<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Bitcoin added more than seven grand in value in the past week and soared past $60,000 for the first time since the end of August earlier today. The altcoins are also well in the green, with ETH rising above $2,400, LINK exploding by 6%, and even more gains from some meme coins. CryptoPotato reported the […]<\/p>\n","protected":false},"author":0,"featured_media":6506,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-6505","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/6505"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6505"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/6505\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/6506"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6505"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6505"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![<\/a>Bitcoin\/Price\/Chart 14.09.2024. Source: TradingView<\/p>\nThe altcoin space has seen impressive increases from the likes of ETH (3%), DOGE (4.5%), XRP (2.5%), TON (4%), AVAX (3.5%), SHIB (4%), LINK (6%), and others. Some meme coins like PEPE have jumped by over 7% in the past day.<\/p>\nThe total value of liquidated positions has risen to almost $130 million on a daily scale. GIven that 80% of them are from short positions, this means that over $100 million traders with bearish sentiment have been wrecked, according to CoinGlass.<\/p>\nThe post Bitcoin Shoots Past $60K for the First Time in 2 Weeks, Liquidating Over $100M in Shorts<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"Bitcoin added more than seven grand in value in the past week and soared past $60,000 for the first time since the end of August earlier today. The altcoins are also well in the green, with ETH rising above $2,400, LINK exploding by 6%, and even more gains from some meme coins. CryptoPotato reported the […]<\/p>\n","protected":false},"author":0,"featured_media":6506,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-6505","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/6505"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6505"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/6505\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/6506"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6505"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6505"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2024\/09\/BTCUSD-16.png\"){kind=link}