During the day from October 15 to October 16, the Bitcoin (BTC) rate increased by about 4%, reaching $27,970 against the stablecoin Tether USD (USDT) on the Binance exchange. The rate increased by $700 on October 16 after 8:00 Moscow time. At 10:30 Moscow time, BTC is trading around $27.9 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 $61.5 million. The largest single order in the amount of $2 million was forcibly closed on the Binance exchange in the ETH/USDT pair.
Other cryptocurrencies also increased in price – Ethereum (ETH) is trading at $1.58 thousand, the price of BNB rose to $212, Cardano (ADA) – to $0.25, XRP from Ripple – to $0.49. The least noticeable growth among the top ten crypto assets was shown by Solana (SOL), the token is trading at $22.6, having risen in price by 3% per day.
Source: Cryptocurrency
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