Bitcoin Regains Footing Near $98,000 as Liquidations Close in on $500M

Quick Summary:

The decline pushed long liquidations to an 11-day high, exceeding $344 million, while shorts incurred losses of approximately $136 million.

Now, Trump will get to choose a new agency head, which has spurned speculation of an industry-favorable pick, perceived by many to take a lighter touch on digital assets.

That optimism has spread to other assets, including XRP, which lept to a three-year high at $1.59 on Friday as speculation grew that the SEC would withdraw its case against the asset's steward, Ripple Labs.

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Article Details

Author / Journalist: Sebastian Sinclair

Category: Crypto

Markets: Estonia

Topics: Breaking Push Markets Prices Crypto Markets Breaking Tag Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-25 @ 00:32:34 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: decrypt.co

Language: English

Article Length: 442 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Decrypt

News ID: 23807471

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About Decrypt

Main Topics: Crypto

Official Website: decrypt.co

Update Frequency: 4 posts per day

Year Established: 2018

Headquarters: Estonia

News Last Updated: 8 hours ago

Coverage Areas: Estonia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #63

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