Bitcoin Tops $57,000, Fueled By BTC ETFs $520M Single-Day Inflow
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Published by
Benzinga
Benzinga
In a remarkable display of market strength, Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) have seen significant price increases, with Bitcoin soaring 10% to surpass the $57,000 mark and Ethereum rising 5% to exceed $3,200 on Tuesday. This upward trajectory comes alongside a record-breaking trading volume and a notable shift in investor behavior towards cryptocurrency ETFs. What Happened: The cryptocurrency market experienced a whirlwind of activity in the last 24 hours, leading to the liquidation of $361 million, according to Coinglass data. Short orders bore the brunt of these liquidations…