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Discussions in the United States on raising the debt ceiling and delaying the banking crisis are both positive for Bitcoin
Author: GregCipolaro, Global Research Director, NYDIG Compiled by WEEXBlogSummary: Bitcoin, as a non sovereign means of storing value, may be seen as an effective investment choice and hedging tool for those seeking to protect themselves from the conspiracies of politicians and monetary policymakers.Reading summary:The debate on the US debt ceiling is coming ahead of schedule due to the decline in tax revenue, which may highlight the importance of Bitcoin
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Bitcoin regained $28000 due to FirstRepublic reigniting concerns about the banking industry
As of early Wednesday morning, the trading price of Bitcoin was approximately $28400, an increase of approximately 3.7% within 24 hours
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Bitcoin plummeted and the frenzied crypto market volatility resulted in a liquidation loss of $310 million
The CoinDesk Market Index (CMI), which tracks the performance of the broader encryption market, plummeted by 5.6% within an hour
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Bitcoin once again fell to the $27000 range and cleared $200 million
The largest cryptocurrency by market value rose to $30000 earlier in the day, causing short sellers to close their positions by over $70 million in the past 24 hours.Nearly $200 million in liquidationAccording to Coinglas' data, the cryptocurrency market has cleared $195 million in the past four hours, with over 77000 traders cleared
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Up 10%! Bitcoin hit 30000 and Ethereum broke through 1960; 140 million magnesium sold out across the entire network
After approaching $27000 yesterday, Bitcoin rebounded strongly today, reaching the $30000 mark, and Ethereum also broke through $1960 at its highest. The strong rise has also led to as many as 38000 positions being sold out in the past 24 hours, with a total online exposure of $140 million
