Crypto News Bulletin from bitcoinist

Tuesday June 2, 2020 12:00 PM
3 days 13 hours ago

Fund Manager Thinks Bitcoin Is Primed to Rip Higher, Even After $1,000 Move

It’s been an explosive past 24 hours for the Bitcoin market. The leading cryptocurrency traded as high as $10,429 on Monday, surging higher as dozens of millions worth of short positions were liquidated on BitMEX. Prices have since retraced since the start of this move. BTC trades at $10,100 as of the time of this article’s writing. Futures funding rates are now multi-month highs, showing that longs are potentially becoming overleveraged. Analyst Joseph Young explained: […]