๐ Why is the crypto market rising on June 24?
๐ Market cap +4.4% to $3.26T, trading volume +10% to $150B.
cointelegraph.com
๐น Key Drivers:
๐ Trumpโs Ceasefire Deal:
BTC jumped to ~$106K, ETH ~$2,400 after news of a ceasefire between Israel and Iran. Altcoins up 7โ8%.
๐ฅ Short Liquidations:
$471M in liquidations โ $358M were shorts. Massive short squeeze fueled the bounce.
๐ฉ Bullish Flag Pattern:
TOTAL chart testing ~$3.28T resistance. A breakout could lead to a 48% rally toward $4.76T.
๐ง Summary:
Price surge driven by a mix of geopolitical relief, short squeezes, and bullish technicals.
โ What do you think?
๐ Start of a bull run
๐ Just a short squeeze
๐ Triggered by geopolitics
๐ Still watchingโฆ