Did Trump's mess in the Middle East light the fuse for Bitcoin? 🔥💸
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 agreed to a "total and complete ceasefire." Yes, you heard that 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 was stumbling a bit, took a massive leap, surpassing $106,000 before settling around $105,000. Can you imagine? Just recently it was below $100,000, so this is one of those spikes that gets your heart racing!
But watch out, it's not just the king BTC that got energized. Ethereum (ETH), which is like the older brother of Dogecoin, shot up even more, going from $2,100 to over $2,400. Crazy! And let's not even talk about Dogecoin (DOGE), which always keeps people talking, it also shot up like crazy.
So what does this mean, my people? Well, many who bet that cryptos would go down (the famous "bears") were left with their mouths open. They lost more than $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 on 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!
