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Over $590 Million of Long Positions Got Liquidated as Traders Rushed Into Bitcoin Price Rally » The Merkle News #Million #Long #Positions #Liquidated #Traders #Rushed #Bitcoin #Price #Rally #Merkle #News Welcome to TmZ Blog, here is the new story we have for you today:
Bitcoin’s price has risen by over 8% in the last seven days, going beyond $31,000 over the weekend. On Tuesday, it was trading near $32,000, a considerable gain from earlier month’s six-month low.
It’s worth noting that this is the first time bitcoin has surpassed $31,000 since early May. Over the previous two weeks, its price has been hovering around or below $30,000. The stock and crypto markets were fighting to recover from numerous weeks of losses when this happened.