Bitcoin (BTC) is around 1.3% higher over the past 24 hours, currently sitting just under $63,500. Ether (ETH) outperformed bitcoin, rising 2.7% to $2,650. The broader digital asset market is up just under 1.1%, as measured by the CoinDesk 20 Index.
Data from CoinGlass shows that in the last 12 hours, slightly more short positions than longs have been liquidated. $64.23 million in short positions and $54.42 million in longs were liquidated. Trading is likely light in the aftermath of last week’s 50 basis-point interest-rate cut in the U.S. Bitcoin is up 9.5% in the past seven days while Ethereum is up over 16%.
