Saturday, January 28, 2023
spot_img
HomeLearningWhat is BlockchainTraders Betting Against Bitcoin Just Got Burned. But There Are Still a...

Traders Betting Against Bitcoin Just Got Burned. But There Are Still a Lot of Bears.

 ​Traders Betting Against Bitcoin Just Got Burned. But There Are Still Bears. Barron’s

A sharp rally in


Bitcoin

has left traders who were betting against crypto prices licking their wounds–but there remains a significant number of bearish traders out there.

Bitcoin prices have rallied some 20% in just days, surging from $17,500 less than a week ago to as high as $21,000. Sitting around $20,800 on Monday, the largest cryptocurrency has surged to its highest levels since the collapse of crypto exchange FTX in November slammed markets and sent Bitcoin to a two-year low of $15,500 at one point.

 

Avatar
RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -spot_img

Most Popular

Recent Comments