Based on the most recent data, the price of Bitcoin has experienced a 2.3% uptick, swiftly rising from approximately $25,800 to its current trading level of $26,200.
Notably, altcoins also displayed gains, albeit on a proportionally smaller scale. Ethereum’s price witnessed a 1.28% increase, BNB’s price rose by 1.12%, and XRP’s price saw a 0.97% uptick within the past hour.
Within the top 100 cryptocurrencies, the most notable hourly gains were recorded by ALGO, LTC, and LINK.
In terms of liquidation data, the cryptocurrency market saw approximately $28.33 million in liquidations during the last hour. Of this total, around $23.75 million came from short positions, while $4.59 million stemmed from long positions.
The highest liquidation figures were associated with BTC, totaling $17.87 million, followed by ETH, TRB, and SOL.
An event of significant importance, capable of driving this upswing, did not occur today. Nevertheless, the news of JPMorgan’s intention to introduce a blockchain-based token stood out as one of the favorable developments in the day.
(Note: This is not to be considered as investment advice.)