Altcoins take the next leg up after Bitcoin price holds $47.5K By Cointelegraph – Investing.com
- Date: 02-Oct-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Middle East
Altcoins take the next leg up after Bitcoin price holds $47.5K By Cointelegraph – Investing.com
Bullish sentiment returned to the cryptocurrency ecosystem on Oct. 1 after a 10% spike in the price of (BTC) lifted it above the $47,500 level and resulted in the liquidation of more than $270 million in short positions.
The altcoin market quickly followed suit with a majority of the tokens in the top 200 registering double-digit gains for the day.
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