Major cryptocurrencies made cautious gains to start the week, with BTC around 1.3% higher over 24 hours at just under $63,500. Ether outperformed bitcoin, rising 2.7% to $2,650, while the broader digital asset market is up just under 1.1%, as measured by the CoinDesk 20 Index. Data from CoinGlass shows that in the last 12 hours, slightly more short positions than longs have been liquidated, with $64.23 million in short positions and $54.42 million in longs being liquidated. Trading is likely light in the aftermath of last week’s 50 basis-point interest-rate cut in the U.S. BTC is up 9.5% in the past seven days while ETH is up over 16%.
Source: https://www.coindesk.com/markets/2024/09/23/first-mover-americas-btc-eth-rise-in-muted-trading-to-start-the-week/?utm_medium=referral&utm_source=rss&utm_campaign=headlines