During the day, from October 19 to October 20, the Bitcoin (BTC) rate increased by approximately 3.5%, reaching $29,384 in pairs with the stablecoin Tether USD (USDT) on the Binance exchange. The main stage of growth occurred on October 20 after 5:00 Moscow time. At 11:00 Moscow time, BTC is trading around $29.2 thousand, writes RBC Crypto.
The sharp rise in the price of the first cryptocurrency provoked a massive liquidation of margin positions of traders on crypto exchanges. According to Coinglassover the past 24 hours, traders who bet on the fall of the cryptocurrency rate collectively lost more than $50 million. The largest single order in the amount of $2.2 million was forcibly closed on the Binance exchange in the BTC/USDT pair.
Other cryptocurrencies also increased in price – Ethereum (ETH) is trading at $1.58 thousand, the price of BNB has risen to $213, Cardano (ADA) – to $0.25, the Solana token (SOL) is trading at $26.2, having risen in price over the past day by almost 10%.
A noticeable increase from the top ten crypto assets was shown by XRP from Ripple – up to $0.53.
Source: Cryptocurrency
I am an experienced journalist and writer with a career in the news industry. My focus is on covering Top News stories for World Stock Market, where I provide comprehensive analysis and commentary on markets around the world. I have expertise in writing both long-form articles and shorter pieces that deliver timely, relevant updates to readers.
