Analytics / Forex and Crypto News
Yesterday, the BTC/USD pair managed to rise above the level of $7000 and gain a foothold there. Today, April 23, Bitcoin was trading at around $7100. And then he was able to get close to the $7800 mark, breaking through the resistance levels of $7400 and $7600. At the time of publication, the BTC/USD pair is trading at around $7550.
This sudden rise in Bitcoin prices was a surprise to investors. According to skew, on the BitMEX exchange, short positions worth nearly $70 million were eliminated by this price increase. These orders were liquidated within 1 hour. This is the largest liquidation in 1 hour.
So far, analysts cannot explain this increase in the price of Bitcoin. Some analysts are talking about the next pump, someone is talking about Bitcoin whale transactions. Bitcoin dough correlates with the S&P 500 index, which also shows growth today.
During November, ICO-projects sold 416K ETH. This is the largest figure since the summer, reports Trustnodes.
According to Santiment, in August, ICO startups sold only 100,000 ETH. In September, sales of digital currency increased significantly, reaching 300 thousand ETH. In Nov