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NewsBTC 2021-07-26 17:00:53

Over $800 Million Bitcoin Shorts Liquidated As Price Surges 12% In 24 Hours

Over $800 Million Bitcoin Shorts Liquidated As Price Surges 12% In 24 Hours

Bitcoin price continues to see incredible movements over the past 24 hours. The price of the coin has moved over 10% as the crypto market sees increasing momentum. The movement comes hot on the heels of the news breaking of Amazon integrating bitcoin payments in their platform. The market seems to have taken this and just run with it. Although the news is yet to be confirmed, investors continue to rush to buy the digital asset. The price surge has led to hundreds of millions of shorts being liquidated in just a 24-hour time frame. So far, the market has seen over $1 billion shorts liquidated in just 24 hours as bears take hit after hit in the market. Related Reading | Number Of Investors Holding Bitcoin Tripled In Last Three Years Bitcoin which had been trading mostly steady at the $34,000 price point throughout the weekend had started seeing noticeable movement as the weekend drew close. There’s a couple of factors that seem to have contributed to the uptick in price. News ranging from Musk making confirmations that he held bitcoin, and so did his companies Tesla and SpaceX seem to have been a catalyst for it. Then the Amazon rumor helped to push it over the edge. Market Reaction To Elon Musk’s Amazon Billionaire Elon Musk was on The B Word conference with CEO of Ark Invest, Cathie Wood, and Twitter CEO Jack Dorsey to talk about the digital asset. It was during this conference that Musk had confirmed tha...

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