Bitcoin Just Surged to $6,500 After Over 10% Weekend Crash

2020-3-31 23:31

In the past 20 minutes, Bitcoin has traded above $6,500, marking a rapid 12% gain from the $5,800 bottom seen on Sunday evening (UTC). Due to this move, the BitMEX funding rate on the Bitcoin (XBT) contract surged by 990%, according to data from Joe McCann, a cryptocurrency trader and AI/cloud specialist at Microsoft. According to him, this means “bulls [are] getting levered up here,” potentially setting the stage for a long squeeze in the future. Analysts are currently divided over what this means for the cryptocurrency; just 24 hours ago, many were charting a move to the low-$5,000s, citing the fact that it slipped below a number of supports as if it was a hot knife going through butter. According to prominent crypto trader Flood, who called the recent move from $6,800 $6,200, Bitcoin is likely to retest $8,000 in the near future. We shorted, now we long to 8k pic.twitter.com/zmYQm2psQZ — Flood [BitMEX] (@ThinkingUSD) March 28, 2020 Featured Image from Shutterstock

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 66917.26 (-0.08%)
Объем 24H $16.053b
Изменеия 24h: 0.08 %, 7d: 9.68 %
Cегодня L: $66856.94 - H: $67006.39
Капитализация $1318.279b Rank 1
Цена в час новости $ 6477.66 (933.05%)

bitcoin 500 according surged xbt rate contract

bitcoin 500 → Результатов: 126


Фото:

Crypto Community Fears Centralization As MicroStrategy’s Bitcoin Holdings Hit 132,500 BTC

A trove of mixed feelings trailed the crypto community as one of its foremost Bitcoin evangelists, Michael Saylor, announced an additional purchase of 2,500 BTCs. In a tweet yesterday afternoon, Saylor disclosed that his company had gone Bitcoin shopping over the last seven weeks at a price of approximately $16,500 per BTC, bringing the company’s […]

2022-12-30 22:31