Major cryptocurrencies surged on Monday evening, rebounding swiftly after a temporary setback subsequent to the launch of spot ETFs on January 11. The crypto bull market, which commenced in January 2023, has now advanced into the FOMO stage.
What Happened: The price of Bitcoin has surged above $50,000 for the first time in over two years.
Data from CoinGlass indicates that BTC shorts worth $55 million were liquidated in the last 24 hours, while ETH shorts worth $28 million met the same fate. During this period, a total of 59,725 traders were liquidated, resulting in liquidation of $198.41 million. The largest single liquidation order, amounting to $3.14 million, took place on Bitmex for LINK-USD.
Top Gainer (24 Hour)
The global cryptocurrency market cap now stands at $1.80 trillion, showing a 0.80% decrease in the past 24 hours.
The Dow Jones Industrial ...