Bitcoin and Altcoins Are Experiencing Partial Recovery: What’s the State of the Uptrend?

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Bitcoin and Altcoins Are Experiencing Partial Recovery: What's the State of the Uptrend?

The price of Bitcoin (BTC), which fell to $ 25,300 during the sudden drop last night, gained more than 1% in the last 1 hour with a sudden movement and pulled the rise rate to 2% in the last 24 hours.

Bitcoin and Altcoins Are Experiencing Partial Recovery: What's the State of the Uptrend?

Bitcoin fiyatındaki yükselişi gösteren grafik.

A similar upward movement was also observed in altcoins. In the past hour, Ethereum has gained 1.43%, BNB has gained 1.32%, and XRP has gained 1.34%.

In the liquidation data, we see that crypto traders who are in short positions make up almost all of those who have been liquidated in the last 1 hour. In the last 1 hour, there has been $ 21 million liquidation in the cryptocurrency market, of which $20.91 million was short position investors.

The most liquidation was in Bitcoin with $8.8 million, followed by Ethereum with $5.64 million.

The ones that gained the most value in the last 1 hour and were among the top 100 cryptocurrencies were dYdX with 4%, SUI with 3.56%, and SNX with 2.82%.

Bitcoin and Altcoins Are Experiencing Partial Recovery: What's the State of the Uptrend?

Chart showing the rise in DYDX price.

Any specific developments that triggered the upswing are not seen for now. As Bitcoinsistemi.com, we will update this article when a reason for the rise emerges.

*Not investment advice.

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