In a sudden and impressive move, Bitcoin has surged to the $28,000 mark, marking a rapid 3% increase within minutes. This price spike has had a positive impact on other cryptocurrencies, causing them to rise as well.
Ethereum, one of the leading altcoins, has seen daily gains of 3% as well, with its price reaching $1,750.
Currently, the fear and greed index stands at a “neutral” level, with a score of 48 points.
Moreover, it appears that the recent price surge has led to the liquidation of a $30 million short position, adding to the market’s dynamics.
Judith Faith has been writing about cryptocurrencies and blockchain technology for over five years. She is well versed in the industry and has an extensive network of industry contacts. She is also a frequent contributor to various cryptocurrency publications. With her vast knowledge and experience, she is able to provide insightful and valuable content to her readers. Judith is also an active investor in the cryptocurrency space and has a vested interest in the success of the industry.
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