$130m shorts liquidated; Bitcoin nears $9000 – May 27

📈 30 Second Price Summary

Current Bitcoin Price$8840

The cryptocurrency market is in the green today by about 10% across the board. Bitcoin is up just that much while Ethereum and XRP are up 9% and 11% respectively. Litecoin and EOS are posting impressive gains of 16% and 17%, while Binance Coin is up just 2% today.

Top Stories for 27th May 2019 🔥

👉 $130m shorts liquidated; Bitcoin nears $9000

It’s another bullish day for Bitcoin! Within the last 24 hours, the Bitcoin price increased by over $800 (just above 10%). The quick price jump was thanks in part to the liquidation of over $130 million of Bitcoin shorts.

For context, a short order is a bet that a currency’s price will fall. If the currency’s price goes up, and the order was made on margin, the trader is forced to market-buy the Bitcoin necessary to cover their losses, which pushes the price upwards even further.

👉 Ark Deployer blockchain creation tool launches tomorrow

In a recent newsletter we announced the upcoming Ark Deployer: a blockchain creation tool that allows anyone to create a private blockchain in minutes.

The tool is set to launch tomorrow. Until then, users will have to make do with an exclusive preview of the platform.

👉 Wife takes to Reddit after husband loses $200k

How about some drama to start your Monday? In this Reddit post, a Swiss wife reveals how her husband invested hundreds of thousands of dollars into Bitcoin in 2018 — unbeknownst to her — ultimately closing the couple’s position with a loss of $200 thousand.