The announcement of new blockchain and earlier release or a proof-of-reserves report pushed OKB higher. BTC and ETH benefit from short covering. GWilliamsJr_CMT writes
The largest cryptocurrency by market capitalization has now jumped in five of the last seven weeks.
Liquidated short positions drove BTC prices skyward on Wednesday. Data from crypto information platform Coinglass showed approximately $65 million in BTC liquidations and $42 million in ETH liquidations on Tuesday. By contrast, only $16 million in BTC and $5 million in ETH liquidations occurred on Thursday.
Momentum in both has risen in line with performance, but has not yet reached technically overbought levels. BTC appears to be establishing support at $24K, while ETH appears to be settling in near $1,650.
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