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Bitcoin ($BTC) and Ethereum ($ETH) experience a sudden surge, wiping out $70 million in shorts. The price of Bitcoin jumps 3% in just 15 minutes, settling just below $28,000. #Bitcoin Ethereum
Ethereum's native currency $ETH also sees a surge, gaining 4.7% before leveling out. The community speculates that this could be the beginning of "#Uptober", a typically bullish month for cryptocurrencies.
Some believe that "someone knows something" that others don't, leading to the sudden movement in the market. October has historically had positive monthly returns for Bitcoin and other cryptos. Will the trend continue?
The crypto market is optimistic about the potential approval of a spot Bitcoin ETF by the #SEC, though analysts predict it may happen in January 2024. Excitement builds for a potential pre-halving rally.
While spot and long position holders celebrate, short sellers suffer as over $70 million in short positions get liquidated in just two hours. The market experiences its first significant price action in over a month #BountyCreator #GateioBountyCreator .#ContentStar #contentstar #NewsMessenger #HotTopicDiscussion