• 21 hours ago
Bitcoin soared past $71,000 in Asian markets on Tuesday, marking a 5% jump in 24 hours, per CoinGecko. The rally follows the liquidation of $143 million in short positions, signaling trader confidence in a strong outcome for the crypto market. Whale activity on Binance has fueled strong buying demand, with Bitcoin ETFs experiencing substantial inflows over recent weeks. Major cryptos like Dogecoin and Ethereum also surged.
Transcript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02Bitcoin soared past $71,000 in Asian markets on Tuesday,
00:06marking a 5% jump in 24 hours per CoinGecko.
00:10The rally follows the liquidation of $143 million in short positions,
00:14signaling trader confidence in a strong outcome for the crypto market.
00:18Whale activity on Binance has fueled strong buying demand,
00:22with Bitcoin ETFs experiencing substantial inflows over recent weeks.
00:26Major cryptos like Dogecoin and Ethereum also surged.
00:30For all things money, visit Benzinga.com slash GSTV.

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