Altcoins such as solana and lido have gained more than 20% as investors betting on a decline have covered their positions, a report from the brokerage firm said.
Bitcoin (BTC) posts its biggest daily gain in six months as traditional market investors shrug off U.S. Federal Reserve Chair Jerome Powell’s pro-liquidity tightening stance. The rapid price movement triggered over $103 million worth of BTC short liquidations on crypto exchanges Thursday due to margin calls, according to CoinGlass data.