Bitcoin’s price rebounded back above $59,000 on Thursday, marking an 8% climb on the day in spite of broader macroeconomic fears.
According to CoinGlass, over $189 million in trades have been liquidated across the crypto market in the past 24 hours, including $109 million in shorts.
Bitcoin’s climb began at roughly 1:50 PM UTC, with Bitcoin surging from $57,000 to $59,815 over the next three hours.
The leading digital asset is now up 8.45% on the day at $59,622, with its weekly losses now reduced to 7.78%.
Similarly, Ethereum has shot up 9.93% on the day to $2,572. Its weekly losses remain steep at 18.8%, with the ETH/BTC ratio still trailing at 0.043 – one of its lowest levels this year.
The Telegram-linked Toncoin posted one of the strongest daily recoveries, pumping 13% on the day. Memecoin PEPE rose 11%, and Solana rose 7.85%.
The broad market recovery mimics that of the stock market, which has also completely erased its losses since macroeconomic fears spooked the economy ov
We współpracy z: https://cryptopotato.com/bitcoin-soars-back-beyond-59k-triggering-185-million-in-liquidations/
