RATE Group | Bitcoin longs worth $38 million liquidated on BitMEX
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Bitcoin longs worth $38 million liquidated on BitMEX

04 Jan Bitcoin longs worth $38 million liquidated on BitMEX

Posted at 00:50h in Bitcoin News by

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Bitcoin‘s price spiked on 3 January by 7.08%, with its price jumping from $6,853.53 to $7,339.08. The rising price of the digital asset strangely coincided with reports of an airstrike at Baghdad’s airport, one that killed the Head of the Iranian Revolutionary Guards’ elite Quds Force, General Qasem Soleimani. The President of the United States, Donald J. Trump, had given the order for the strike.

Shortly after the news broke out, the price of the world’s largest cryptocurrency started to surge, along with global oil prices. The CEO of Three Arrows Capital, Su Zhu, tweeted,

“$BTC exhibiting some macro convergence today w/ Oil and Gold on the back of Iran geopolitical escalation”

Source: Twitter

Source: Twitter

It must be noted that the aforementioned event cannot be directly related to the rising price of Bitcoin as 3 January also marked the eleventh anniversary of the genesis block. According to traders on Twitter, $174 million in longs and $42 million in shorts were…

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