Crypto Market Cap Surges 20% to $5.65 Trillion Amid Regulatory Shifts
The cryptocurrency market has entered a new phase following significant short liquidations, which has reignited investor enthusiasm for risk. The price of Bitcoin has stabilized at $118,300, leading many to speculate about the potential movements of altcoin investors. This article delves into the prospects of the cryptocurrency market amidst these developments.
Open positions have surged past $178 billion, according to data from Coinglass. Although trading volume has decreased by nearly 40%, this is considered a normal figure for a Sunday, highlighting the dominance of long positions at 50.23%. Investors anticipate a continuation of the upward momentum.
Despite numerous significant developments that cryptocurrencies have seemingly…
