Bitcoin Surges, Altcoins Rally, Leveraged Bets Wiped Out

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Bitcoin Surges, Altcoins Rally, Leveraged Bets Wiped Out

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Bitcoin surged overnight, reaching a peak of $92,400 before dropping to $90,700, following threats of criminal charges against Federal Reserve Chair Jerome Powell. Gold and silver also gained, while Nasdaq futures and the dollar index weakened. Despite bitcoins pullback, privacy coins like Monero and Zcash rose, with Monero hitting a record high of $576. Over $200 million in leveraged futures bets were wiped out, mostly bullish ones, as traders were caught off guard. Solanas SOL also rose, while some altcoins like Aerodromes AERO and Lighters LIT dropped over 10%. Altcoin season indicators are now neutral. Checkout Solipillow.com

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