Unlock your trading potential! Become a verified Bitget elite trader and earn 10,000 USDT to help skyrocket your profits. Join now and start your journey to success!
Share link:In this post: Bitcoin surged over 3% to reach $69K after Donald Trump’s pro-crypto speech, sparking a bullish trend in the market. Bitcoin Cash and Bitcoin SV led the market with over 14% gains. Donald Trump’s pledges to fire SEC chair Gary Gensler if elected.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a
BTC-linked tokens are witnessing a rally, riding on Bitcoin’s latest attempt to regain the $70,000 mark after Donald Trump’s pro-crypto speech at the Bitcoin Conference. Bitcoin Cash (BCH) and Bitcoin SV (BSV), both surged by over 14% on Monday, leading with heavy gains among top digital assets.
BTC surged by over 3% in the last 24 hours to break past the $69,000 level, in a reflection of the overall bullish trend in the market. Top tokens like Ether (ETH) and Solana (SOL) also printed green indexes with a jump of more than 4%.
Bitcoin Cash (BCH) and Bitcoin SV (BSV) lead the market
BCH turned out to be one of the biggest gainers over the last day. It is up by 14% as Mt. Gox finishes distributing tokens to its creditors. The defunct crypto exchange earlier announced that this distribution is part of the ongoing repayment process.
Coinglass data shows that $3.39 million worth of long and short bets set on the BCH price got liquidated in the past 24 hours. However, $3.32 million worth of positions, or 100% of the positions that got liquidated turned out to be short bets.
It indicates that traders were expecting a declining trend but the BCH price proved a large majority of the market punters wrong. BCH is up by more than 16% in the last 7 days. It is trading at an average price of $449.45 as of press time. BCH’s 24-hour trading volume skyrocketed by 41% to stand at $479 million.
See also RF Kennedy Jr. says Bitcoin is vital to dollar stability, calls for a 4 million BTC reserve
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.