Bitcoin, Ethereum, and Solana lead bullish trend in crypto market with $184 million liquidations.

From Investing.com

October 15, 2024 11:00 AM:

The crypto market sees a bullish trend with Bitcoin, Ethereum, and Solana leading the way. Over $184.88 million in liquidations have occurred among 64,100 traders. Short traders faced the most losses, with Bitcoin seeing $48.62 million in liquidations in 24 hours.

Ethereum also suffered significant liquidations, totaling $30.22 million. Solana experienced $6.48 million in liquidation. Some altcoins like BOME, 1000PEPE, and REEF also faced liquidations. Bitcoin’s price has reached $65,681 amid positive sentiment and adoption of spot Bitcoin ETFs.

Ethereum and Solana have seen price increases to $2,616 and $155, respectively. The bullish sentiment could lead to a $50 trillion market cap overall. BlackRock projects further growth in the digital currency ecosystem, potentially triggering more liquidations in the future.

Read more at Investing.com: BTC, ETH and SOL Fuel $184 Million Crypto Liquidation By U.Today