Bitcoin has seen its biggest daily gain in six months as global stocks rise. The rally triggered over $103 million of $BTC short liquidation on crypto exchanges, according to coinglass_com's data. Chart of the Day explains, presented by cryptocom:
Bitcoin posts its biggest daily gain in six months as traditional market investors shrug off U.S. Federal Reserve Chair Jerome Powell’s pro-liquidity tightening stance.
The rapid price movement triggered over $103 million worth of BTC short liquidations on crypto exchanges Thursday due to margin calls, according to CoinGlass data. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.
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