Cryptocurrencies rallied over the past 24 hours as investors poured in fresh cash, bolstered by the benchmark S&P 500 index hitting a new all-time high on Monday. They are also waiting for new signals from the Federal Reserve meeting up on Wednesday, regarding the up-coming rate cuts in the US.
The price of Bitcoin recovered 3.2 percent over the past 24 hours to roughly 43,400 US dollars, a level last seen just after the approval of 10 spot Bitcoin exchange traded funds (ETFs) mid-January. This sharp increase triggered liquidations of Bitcoin short positions totaling around 40 million dollars over the past 24 hours.
According to ATTMO, a bullish sun will shine over Bitcoin, Ethereum, Binance Coin and Ripple’s XRP in the next 24 hours, while bearish clouds will linger over Avalanche, Dogecoin and Polkadot.
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The price of Bitcoin recovered 3.2 percent over the past 24 hours to roughly 43,400 US dollars, a level last seen just after the approval of 10 spot Bitcoin exchange traded funds (ETFs) mid-January. This sharp increase triggered liquidations of Bitcoin short positions totaling around 40 million dollars over the past 24 hours.
According to ATTMO, a bullish sun will shine over Bitcoin, Ethereum, Binance Coin and Ripple’s XRP in the next 24 hours, while bearish clouds will linger over Avalanche, Dogecoin and Polkadot.
Follow us for more crypto weather reports!
Find out more detailed forecasts at www.attmo.ai/