Cryptocurrency Market on the Rise

The increase in the prices of Bitcoin and Ethereum is interpreted as a sign of a global relaxation cycle. The interest in BlackRock’s Ethereum-based tokenized products also had a positive effect on the markets. Central Bank Interest Rate Cuts Effective The interest rate cut initiated by the Swiss National Bank set a first as a global phenomenon and had a significant impact on the valuation of cryptocurrencies. In the last 24 hours, Bitcoin gained 4.9%, and Ethereum gained 4.7%, delighting investors. Significant Losses in Short Positions Investors in short positions suffered significant losses. Observers noted the liquidation of futures positions of over $100 million, especially in Bitcoin and Ethereum, and the decrease in selling pressure from Grayscale Bitcoin Trust (GBTC) could support BTC’s value increase.

Cryptocurrency Market on the Rise

The increase in the prices of Bitcoin and Ethereum is interpreted as a sign of a global relaxation cycle. The interest in BlackRock’s Ethereum-based tokenized products also had a positive effect on the markets.

Central Bank Interest Rate Cuts Effective

The interest rate cut initiated by the Swiss National Bank set a first as a global phenomenon and had a significant impact on the valuation of cryptocurrencies. In the last 24 hours, Bitcoin gained 4.9%, and Ethereum gained 4.7%, delighting investors.

Significant Losses in Short Positions

Investors in short positions suffered significant losses. Observers noted the liquidation of futures positions of over $100 million, especially in Bitcoin and Ethereum, and the decrease in selling pressure from Grayscale Bitcoin Trust (GBTC) could support BTC’s value increase.

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how to buy crypto?
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