Shorts get rekt as Bitcoin surges to $24,285

Shorts get rekt as Bitcoin surges to $24,285 Bitcoin BTC Bitcoinprice

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The traditional markets, likewise, saw prices climbing higher in the afternoon session as the latest economic data showed strong consumer spending and an increase in inflation across January, which caused some to reevaluate the outlook for continued interest rate hikes. After climbing out of negative territory, the S&P, Dow and Nasdaq all closed the day in the green, up 0.28%, 0.11%, and 0.92%, respectively.

A survey of Crypto Twitter shows that there is no agreed-upon consensus as to why the crypto market is moving on Wednesday afternoon, but overall, the community is excited about the prospect of continued gains following the “largest single day advance since the November lows.”Largest single day advance since the November lows#BTCUSD Daily Chart pic.twitter.com/Rm3fj3OpNp

#Bitcoin perfectly retested the 200-day exponential moving average & immediately rebounded. Great sign, so long as price remains above the overall 200 MA cloud.— Caleb Franzen February 15, 2023 A sea of green in the altcoin market

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