CandleFocus Bitcoin Price Skyrockets by $2.5K in Minutes to Highest Levels Since July, Is Uptober Finally Here?
2024-10-15
Author: Content Editor
The primary cryptocurrency has surged to a multi-month peak of nearly $68,000, leading to speculation that October will be a bullish month. After reaching a three-week peak of $66,500 earlier today, the cryptocurrency broke through resistance levels and rose to $67,950. This surge has resulted in significant gains for larger- and lower-cap altcoins, but has negatively impacted short, over-leveraged traders, with over $260 million in liquidations in the past 24 hours. $65 million of those liquidations occurred in the past hour, with BTC responsible for nearly half of it.
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