Today in the market, the following is happening:

3.Sellers in open Bitcoin positions faced significant losses after Bitcoin surged by almost 11%, temporarily reaching a new annual high of $57,000. In the last 24 hours, positions in short-selling $BTC worth over $161 million and short-selling $ETH positions worth almost $44 million were liquidated. The rise in Bitcoin's price is attributed to substantial volumes of institutional capital flowing into recently approved Bitcoin ETFs in the United States. Market analysts and Bitcoin bulls are optimistic about the future price of Bitcoin, with some calling it the beginning of a new bull market.

4.#Bitcoin‬ and #Ethereum(ETH) continue to grow amid the possibility of a government shutdown. Bitcoin rose by 1%, and Ethereum reached its highest level in almost two years. Reduced trading activity over the weekends indicates worsening liquidity and increased participation of institutional investors. Analysts predict that Bitcoin could reach $63,000 by #March 2024, citing the timing of the next halving cycle.

The growth of Ethereum is expected to continue amidst macroeconomic conditions and investor interest in risk-free assets. Stocks showed moderate growth, but the government shutdown could exert pressure on the market. Traders will closely monitor the core PCE index for inflation data.

What are your thoughts?