Short Positions Over $165 Million Get Liquidated Following The Bitcoin And Ethereum Uptrend

No one can say that the crypto winter is over yet, But the good news is that Bitcoin and ETH seem to have gained significant momentum in the past 24 hours. This greenish price movement has caused many investors to liquidate their short positions. Another good news is that the global crypto market cap that plummeted recently has gained $150 Billion. Now it is more than 1 Trillion. Ethereum Price Gains As Bitcoin Surges As per available data on CoinMarketCap, BTC price at the time of writing is on the verge of registering the $24k mark, while Ethereum stands at $1,605, showing a major increase in 24 hours. Based on historical data, Bitcoin climbed above the $20K mark at the close of the market on July 16. It opened in July at $21,195.04, but unfortunately, it fell to $20,779.34 at the close of the market on July 17. But on July 18, the number one crypto saw an increase to $22,176.05 and has continued to maintain the price increase mid-day. Related Reading | An Interview with Ben Caselin on AAX- Lightning Network Integration and TARO Protocol Implementation Also, the second largest crypto ETH has seen a positive movement in its price. Ethereum ETH price gained 9% on July 18. The crypto had tried holding its price above $1200 since July 7, when it attained that height. Unfortunately, it fell to $1,097.24 at the close of the market on July 11 and continued below $1,100 until July 13. From that day, ETH started its journey abov...