The cryptocurrency market experienced a significant uptick in the last 24 hours, with Bitcoin leading the charge by briefly touching $62,300 during early Asian trading hours before settling around $61,300.
This surge comes amidst a flurry of positive developments in the crypto space, including new ETF filings and optimistic regulatory outlooks.
The Ethereum price also saw significant gains, trading above the $3,400 mark, according to data from CoinGecko.
The overall market enthusiasm led to substantial liquidations, with data on Coinglass showing that in the past 24 hours, 33,157 traders were liquidated. The total liquidations amounted to $71.11 million, with short positions accounting for 60% of this figure.
Bitcoin spot ETFs continued to see net inflows, with the total net inflow on June 27 reaching $11.7997 million, according to data from SoSo Value.
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