Bitcoin (BTC) and Ethereum (ETH) saw significant price increases following a speech by Jerome Powell. BTC rose by over 3%, while ETH surged by more than 7%. Coinglass data indicates that over $200 million was liquidated in the past hour, with short positions accounting for $180 million. Notably, ETH liquidations exceeded $110 million, underscoring the impact of Powell's statements on cryptocurrency prices and trading positions.
BTC and ETH Surge Post-Powell Speech, $200M Liquidated in an Hour
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