An overnight rally in $BTC pushed majors higher with cardano's ADA and $ETH rising as much as 7% and posting one of the largest single-day gains this month. By shauryamalwa.
An overnight rally in bitcoin led majors, such as cardano's ADA and ether , to surge as much as 7% and post one of the largest single-day gains this month.“Chinese Ethereum” confluxOverall crypto market capitalization rose 5% over the past 24 hours, adding nearly $50 billion in value. The surge caused $125 million in short liquidations across crypto-tracked futures, as per CoinGlass.
Liquidation occurs when an exchange forcefully closes a trader’s leveraged position due to a partial or complete loss of the trader’s initial margin. This happens when a trader is unable to meet the margin requirements for a leveraged position .
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