The crypto market began the Asia trading day in the green, as traders cheered BlackRock’s foray into asset tokenisation and the beginning of the global central bank easing cycle.
Bitcoin (BTC), the world’s largest digital asset, traded at $67,300, up 4.9% on a 24-hour basis and ether traded 4.7% higher above $3,400. The CoinDesk 20 (CD20), a measure of the most liquid cryptocurrencies, was up around 5% at press time.
Shorts that bet against bitcoin and ether are seeing significant losses. Data source CoinGlass shows that over $100 million in leveraged futures positions have been liquidated in the last 24 hours, with around $60 million in…
