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

πŸ“ˆ 30 Second Price Summary

Current Bitcoin Price:Β $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 πŸ”₯

πŸ‘‰ $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.

πŸ‘‰ 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.

πŸ‘‰ 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.

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