What's up, folks! Get the popcorn ready because the cryptocurrency world is starting to vibrate. Imagine this: the one and only Donald Trump dropped the bomb on Truth Social that Israel and Iran have come to an agreement for a "total and complete ceasefire." Yes, you heard right! Peace, or at least a breather, seems to be coming to that hot zone of the planet.
And as expected, the domino effect was immediate in the crypto world! 🔥 Bitcoin (BTC), which had been stumbling a bit, made a huge leap, surpassing $106,000 before settling around $105,000. Can you believe it? Just a little while ago it was below $100,000, so this is one of those spikes that makes your heart race!
But beware, it's not just the king BTC that got energized. Ethereum (ETH), which is like the older brother of Dogecoin, skyrocketed even more, going from $2,100 to surpass $2,400. Crazy! And not to mention Dogecoin (DOGE), which always keeps making headlines, also shot up like foam.
And what does this mean, folks? Well, many who bet that cryptos would go down (the famous "bears") are left empty-handed. They lost over $365 million in short positions in the last 24 hours. Ouch, that really hurts the pocket! 💸 They say that if Bitcoin recovers to $110,000, another $280 million could evaporate for them. Stay alert with that!
Those who are happy are the investors because interest in Bitcoin and Ethereum has surged. People are starting to feel that "greed" again, which is a good sign in the crypto world, according to the Fear and Greed Index. The total market capitalization of cryptocurrencies is now around $3.25 trillion, a number that is scary because of how big it is!
And to top it off, a heavyweight analyst, Michaël van de Poppe, stated that this drop of Bitcoin below $100,000 was probably the "bottom of this correction" and he expects to see a new all-time high for BTC in July. Just like you hear! Another expert, EliteOptionsTrader, says that if Bitcoin holds steady above $109,000, we could see it shoot up to $130,000. Imagine that scenario! 🤑
So, my friends, it seems that peace, even if just for a while, is sitting wonderfully with the crypto world. Let's stay tuned to see what other surprises this market has in store for us that never ceases to amaze!
