Bitcoin rises above $28K 😱😱😱Bitcoin (BTC) rose above $28,000 early Monday, recording its highest prices in more than a month, as analysts point to ETF optimism and seasonality as several reasons behind the gains. As CoinDesk reported Traders on Japanese exchange Bitbank were already eyeing the $28,000 level for Bitcoin last week. $28,500 acted as a key support level in the previous bull market and could be an important price level to watch in the coming weeks as it potentially turns into a resistance level. In the last 24 hours, Ethereum (ETH) has climbed above $1,700, bnb (BNB) and Cardano (ADA) increased by 3.3% and Polygon (MATIC) increased by 5.5%. Solana's SOL tokens led to massive gains of 14.5% thanks to renewed optimism for the network among some traders. Short liquidations in crypto-tracking futures may have contributed to the rise in Bitcoin and Ethereum. Data shows that approximately $94 million in bets against rising prices were affected on Sunday, creating a "short squeeze"; This occurs because when there is a lack of supply and excess demand for the stock, short sellers are forced to buy shares to cover their own holdings. short.According to data, approximately 30,000 bearish bets were liquidated, with most of the liquidations occurring on crypto exchange OKX.Follow me for more crypto news#Layer2 #crypto2023 #opbnb

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BTC+2.70%

ADA+0.35%

MATIC-0.51%