Is Crypto Parabolic Rally Next?

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After rallying above May’s all-time high of about $118k on Wednesday, Bitcoin (BTC) price has rallied to a new all-time high of above $113,700 on Thursday, during the mid-North American session. The flagship coin is now in price discovery mode, which could lead to more bullish momentum in the coming days and possibly weeks.

Bitcoin’s daily average trading volume surged over 50 percent in the past 24 hours to hover about $66 billion. As a result of the heightened volatility, more than $325 million was liquidated from BTC’s leveraged positions in…



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Is Crypto Parabolic Rally Next?


After rallying above May’s all-time high of about $118k on Wednesday, Bitcoin (BTC) price has rallied to a new all-time high of above $113,700 on Thursday, during the mid-North American session. The flagship coin is now in price discovery mode, which could lead to more bullish momentum in the coming days and possibly weeks.

Bitcoin’s daily average trading volume surged over 50 percent in the past 24 hours to hover about $66 billion. As a result of the heightened volatility, more than $325 million was liquidated from BTC’s leveraged positions in…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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