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Bitcoin, Ethereum showing sharp rise

As of 7:33 a.m. Moscow time the price of Bitcoin was up by 5% at $80,513, while the price of Ethereum was up by 7.36% at $2,425

MOSCOW, November 5. /TASS/. The prices of the two largest cryptocurrencies by capitalization, Bitcoin and Ethereum (ETH), have been showing sharp growth, according to Binance platform data.

As of 7:33 a.m. Moscow time (4:33 a.m. GMT) the price of Bitcoin was up by 5% at $80,513, while the price of Ethereum was up by 7.36% at $2,425.

According to Coinmarketcap, the total cryptocurrency market capitalization amounts to $2.69 trillion as of November 5, with Bitcoin accounting for $1.61 trillion (60.1%), while Ethereum accounting for $296 bln (11%).

According to Coinglass data, global crypto exchanges liquidated over 104,000 traders' positions worth around $794.71 mln in the past 24 hours. Most of the liquidations occurred in Bitcoin. Approximately $238.35 mln in liquidations were for long positions, and $556.36 mln were for short positions. The largest liquidation order over the past day worth $38 mln was submitted on the HTX crypto exchange for the ETH-USDT pair.

On October 29, the Binance cryptocurrency exchange said it had been hacked. Potential losses could have reached $6.3 bln. Users withdrew around $3.64 bln after the withdrawal function, which had been temporarily disabled due to the attack, was brought back online.

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