Bitcoin continued to rally early Tuesday, building on Monday’s gain, with an 18% increase over the past 24 hours. The world’s largest cryptocurrency broke the $25,000 mark following the release of U.S. inflation data. The cryptocurrency has since reached around $26,200, a nine month high. Over $100 million worth of bitcoin shorts, or bets against a rise in prices, were liquidated on Monday. Ether also gained on Tuesday, up 10%, and crypto exchange OKEx’s OKB token rose 25%.
Source: https://www.coindesk.com/markets/2023/03/14/first-mover-americas-bitcoin-hits-3-week-high-on-relief-rally/?utm_medium=referral&utm_source=rss&utm_campaign=headlines