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Just hours after short positions on Bitcoin eclipsed longs, and as BTC shorts volume reached an all-time high, Bitcoin saw an explosion, appreciating over US$900 in under an hour, a growth of 13%. Since the pump, global cryptocurrency markets have risen over 10%, to just under US$300 billion. Speculators overwhelmingly agree that the cause for such a price movement was a textbook short squeeze. A short squeeze occurs when a sharp price movement forces the liquidation of short contracts, causing each losing trade to market buy their position. As a result, these market buys further push the price upwards, causingPowered by WPeMatico
Even though most people tend to overlook the NEM ecosystem, this particular cryptocurrency project is coming together nicely. With the release of Catapult, things will only get better from here on out. This full-featured blockchain engine offers a lot of benefits to developers and corporations. Catapult in a Nutshell The concept of Catapult is rather straightforward. It is a blockchain engine which supports both public and private chains through unique smart contract plugins. This opens up a lot of new opportunities for interested parties to explore in the months and years to come. More competition in the world of blockchains andPowered by WPeMatico