$BTC rebound to US$94,000 or 3.2%, according to CoinMarketCap, Tuesday (06/01) morning. However, this rise also led to the liquidation of Bitcoin short positions worth US$436 million or around IDR 7 trillion.
This rise in the largest digital asset also caused altcoins to surge. With Ethereum (ETH) and XRP, BNB, which had previously dropped by several percent, are now priced at US$3,273, US$2.33, and US$911, respectively.
Meanwhile, the catalyst for this Bitcoin rally occurred amid rumors that a pro-crypto candidate will run to replace Venezuela's President Nicolas Maduro. Additionally, the Satoshi whale era just bought 7,658 Bitcoins worth US$710 million on the same day.
Source : AcademyCrypto
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