WorldPingBitcoin surged past $81,000, lifting its market cap to $1.62 trillion. The move wiped out $282 million in short positions over 24 hours—representing 62% of all crypto short liquidations.
This is a short WorldPing brief. The full report was published by Bitcoin.com.
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WorldPingAnalysts say it's still too early to tell if this will translate into a bull market, given sticky inflation and geopolitical uncertainty.
Brief by WorldPing · Original reporting by The Block
WorldPingTraders are spending millions to position for further Bitcoin upside after its staggering rally to $80,000, though demand for downside protection remains firm, according to Laevitas.
Brief by WorldPing · Original reporting by CoinDesk
Bitcoin initially surged past the $80,000 mark, as renewed inflows into spot bitcoin ETFs and improving risk appetite extended the recent crypto rally.
Brief by WorldPing · Original reporting by CNBC World
WorldPingSpot bitcoin funds took in $337.56 million on Aug. 24, extending an unbroken run of inflows that has now put real money behind a rally that started with a short squeeze.
Brief by WorldPing · Original reporting by CoinDesk
WorldPingBitcoin ETFs have drawn $2.26 billion over six trading days, while year-to-date net outflows have narrowed to about $2.57 billion.
Brief by WorldPing · Original reporting by Cointelegraph
WorldPingThe billionaire investor argues the intervention removes a vital check on government borrowing and fiscal accountability while markets remain the better judge of prices.
Brief by WorldPing · Original reporting by CoinDesk
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