Crypto Markets See Green Amid Talk of ‘Forced Short Squeeze’ on BitMEX

Blockchain News from Around the World
Post Reply
User avatar
howlermunkey
Site Admin
Posts: 1271
Joined: Tue Feb 20, 2018 12:04 pm
Location: East Coast
Contact:

Crypto Markets See Green Amid Talk of ‘Forced Short Squeeze’ on BitMEX

Post by howlermunkey » Wed Aug 22, 2018 3:32 pm

August 22: The crypto markets are seeing a second flush of green, with virtually all of the major cryptocurrencies seeing solid growth on the day, as Coin360 data shows.

Positive price momentum is a welcome respite from protracted bearish sentiment, although multiple crypto commentators are attributing the upswing to yesterday’s announcement by leveraged crypto trading platform BitMEX that it would be halting trading for scheduled maintenance.

The window has allegedly been exploited by bulls to force a spike, especially within the context of a forthcoming August 23 SEC decision on another Bitcoin exchange-traded-fund (ETF) application, that many expect will be negative.


https://cointelegraph.com/news/crypto-m ... -on-bitmex

Post Reply

Return to “In The News”