Short Crypto News:
- Bitcoin Leads Crypto Majors' Gains; Analysts Bullish on SOL After 30% Weekly Jump. Bitcoin (BTC) surged above $34,000 on Tuesday, leading other major cryptocurrencies higher. Solana (SOL) jumped 30% in the past week, making it one of the best-performing altcoins. Analysts are bullish on SOL due to its strong fundamentals and growing ecosystem.
- Ethereum Fees Spike as Meme Coin Frenzy Returns. Ethereum (ETH) fees spiked on Tuesday as traders rushed to buy meme coins such as PEPE, HarryPotterObamaSonic10Inu, and SPX6900. These coins have seen their prices surge in recent days, attracting a large number of traders.
-Bitcoin Bears Lose $178M as Prices Break Past $34K. Bitcoin bears lost $178 million in liquidations on Tuesday as prices broke past $34,000. This is the largest daily liquidation loss for Bitcoin shorts in over a month.
- Crypto Traders Suffer Over $100M of Short Liquidations as Bitcoin Hits 3-Month High Over $31K. Crypto traders suffered over $100 million of short liquidations on Monday as Bitcoin hit a 3-month high over $31,000. This is the largest daily liquidation loss for crypto shorts since early July.
