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$600m in trade as Ethereum topped value and Bitcoin hit $23k in just three days

Bitcoin is beginning to rally following Ethereum’s surge on Monday.

The crypto market continues its momentum this week, now soaring up towards $23,000 – a price point it hasn’t seen in over a month. The sudden surge has liquidated over $600 million in trades.

As indicated by Coinglass.com, about $630 million has been liquidated from the crypto market within the last 24 hours.

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More than half of that value – $377 million – was cleared from ETH trades, given Ethereum’s especially pronounced bounce from Monday.

“Some suspect that Ethereum is rallying due to excitement about Ethereum’s Merge update, which has now been given a specific date of arrival.”

Bitcoin now appears to be showing its own unique momentum. Trading at $22,460 at 15:20 UST, it quickly surged to $23,160 just 16 minutes later. At the time of writing, it trades at $22,853.

Written by Newsway

NewsWay reporters are Media employees of the newsway.com.ng vested with the responsibilities of getting informative data from verifiable sources and publishing same undistorted on behalf of the NEWS WAY INFO-TECH which is a parent company that birthed the NewsWay blog.

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