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Bitcoin surge triggers billions in losses for crypto short traders after Trump win

Bitcoin

Short sellers of cryptocurrency and blockchain-related stocks have suffered heavy losses since Nov. 6, after bitcoin surged to record highs, on optimism U.S. President-elect Donald Trump would implement a more favorable regulatory framework. Crypto short trades looked set for a further hammering on Monday as most cryptocurrency-related stocks jumped in U.S. premarket trading. Among them, Coinbase was last up close to 16 per cent, tracking the surge in bitcoin prices. Traders who bet against

Tag-uri: Donald Trump Bitcoin

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Bitcoin surge triggers billions in losses for crypto short traders after Trump win https://www.channelnewsasia.com - 11.11.2024 16:58
Bitcoin surge triggers billions in losses for crypto short traders after Trump win https://www.channelnewsasia.com/ - 11.11.2024 16:48
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