Bitcoin Short Sellers Caught Off Guard in New White House Move
Over $530 million in Bitcoin (BTC) short positions were liquidated today as the White House nominated pro-Bitcoin Kevin Warsh as Federal Reserve Chairman, triggering a broad crypto market rally. Bitcoin is up by 9% in 12 hours, adding $123 billion to its market cap. Ethereum (ETH) climbed 11% over the same period, adding $26 billion. Bitcoin Short Sellers Caught Offguard As White House Officially Nominates Pro-BTC Fed Chair Bitcoin reclaimed the $73,000 psychological level and was trading for $73,413 as of this writing
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