Here are some of the most trending Bitcoin (BTC) news and updates from the last 6 hours:
Bitcoin Shorts at Risk of Liquidation:
Bitcoin shorts worth $1.4 billion are at risk of liquidation if the BTC price reaches $74.3K. This recent bullish momentum is attributed to factors like increasing investor confidence, decreasing exchange supply, and inflows into spot BTC ETFs1.
Market Dip and Whales Accumulating BTC:
In the last half-hour, both Bitcoin (BTC) and Ethereum (ETH) led a market dip as the Sensex opened lower amid concerns about “higher for longer” interest rates. Additionally, BTC whales have amassed $1.4 billion amid the US Congress approval of the FIT21 Bill2.
Ethereum ETF Approval and Its Implications:
The US SEC has approved eight spot Ethereum (ETH) ETFs, marking a historic milestone for the crypto market. While these ETFs are not yet ready for trading, their approval has implications for both Bitcoin (BTC) and altcoin markets2.
Remember that cryptocurrency markets can be volatile, so it’s essential to stay informed and make decisions based on reliable information. If you’d like more details or have any other questions, feel free to ask! 😊📈