Last week’s rush into short products came as bitcoin (BTC) surged to a four-month high above $22,000. At the current $22,750, bitcoin is up more than 40% thus far in 2023. Interestingly, last July’s big inflow also came alongside a sizable rally for the crypto that saw the price move to above $24,000 from a low of $18,200 in June.
Related posts
-
Cardano Breaks Out Of Falling Wedge Pattern, Analyst Predicts 70% Rally For ADA
Cardano (ADA) has correlated with the broader market, experiencing a retracement from its yearly high of... -
Bitcoin miner Genesis Digital Assets eyes IPO in US: report
Alameda-backed crypto miner Genesis Digital Assets is reportedly in discussions with advisors about launching a pre-IPO... -
Crypto Analyst Says Next Bitcoin Target Is $78,700 If BTC Breaks This Resistance
An analyst explained that the next target for Bitcoin could be $78,700 if BTC could cross...