Bitcoin bulls back as world’s top crypto surges towards $40,000 ...News

Economy by : (Russia Today) -
The world’s most popular cryptocurrency, bitcoin, jumped 15% on Monday to over $39,000, following two days of steady gains that may mean a turn towards a bullish crypto market. The cryptocurrency pared some of the gains, trading at about $38,300 as of 9:00am GMT, after briefly topping $39,000 for the first time since mid-June. Bitcoin fell below $30,000 last week amid a global stock sell-off, raising concerns that the crypto could fall even further. With the latest surge, more than $700 million of bitcoin short positions were liquidated on Monday, the most in at least the past three months, data from Bybt.com showed. Bitcoin futures al

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