MATIC, the native cryptocurrency of Polygon, rose by over 35% in the past week due to three reasons.
Bitcoin has surged past $40,000 and the cryptocurrency market is rapidly recovering.
Bitcoin saw $150 million worth of short contracts obliterated within hours.
Dogecoin liquidations briefly surpassed Bitcoin, indicating high demand for DOGE and the altcoin market.
Bitcoin and Ethereum fell 15% and 20%, respectively, in one day, but why so much and so quickly?
Traders say the Safemoon rally is not sustainable as the token sees massive volatility.
Ethereum is breaking out against Bitcoin and traders are turning bullish on ETH/BTC and altcoins.
Bitcoin struggles to regain momentum despite the dollar falling to a seven-week low.
Whale cluster analysis suggests that both hodlers and whales were responsible for the latest sell-off.
Bitcoin is recovering, and traders are pinpointing $57,000 and $60,300 as the key short-term price levels to watch.