🟢The cryptocurrency market is experiencing a significant surge in activity, drawing attention from investors and analysts. The largest cryptocurrency, Bitcoin (BTC), jumped 25% in price, reaching $62,510 in just three days. Ethereum (ETH) also showed gains, increasing by 9% in value.
🟢International developments have also played a pivotal role in this market movement. Specifically, Brazil’s approval of a spot ETF for Solana may signal major shifts in the global market landscape.
🟢In the last 24 hours, futures contracts worth $365 million were liquidated, indicating high market volatility. The NUPL (Net Unrealized Profit/Loss) metric reflects heightened concern among investors, adding tension to the current situation.