Bitcoin Short Sellers Caught Off Guard in New White House Move

Over $530 million in Bitcoin (BTC) short positions were liquidated today as the White House nominated pro-Bitcoin Kevin Warsh as Federal Reserve Chairman, triggering a broad crypto market rally. Bitcoin is up by 9% in 12 hours, adding $123 billion to its market cap. Ethereum (ETH) climbed 11% over the same period, adding $26 billion. The post Bitcoin Short Sellers Caught Off Guard in New White House Move appeared first on BeInCrypto.