The price of Bitcoin (BTC), which fell to $ 25,300 during the sudden drop last night, gained more than 1% in the last 1 hour with a sudden movement and pulled the rise rate to 2% in the last 24 hours.
A similar upward movement was also observed in altcoins. In the past hour, Ethereum has gained 1.43%, BNB has gained 1.32%, and XRP has gained 1.34%.
In the liquidation data, we see that crypto traders who are in short positions make up almost all of those who have been liquidated in the last 1 hour. In the last 1 hour, there has been $ 21 million liquidation in the cryptocurrency market, of which $20.91 million was short position investors.
The most liquidation was in Bitcoin with $8.8 million, followed by Ethereum with $5.64 million.
The ones that gained the most value in the last 1 hour and were among the top 100 cryptocurrencies were dYdX with 4%, SUI with 3.56%, and SNX with 2.82%.
Any specific developments that triggered the upswing are not seen for now. As Bitcoinsistemi.com, we will update this article when a reason for the rise emerges.
*Not investment advice.
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Source: https://en.bitcoinsistemi.com/bitcoin-and-altcoins-are-experiencing-partial-recovery-whats-the-state-of-the-uptrend/