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Bitcoin’s (BTC) price jumped on Wednesday morning, climbing over 6% in the last 24 hours to cross $71,000. Solana (SOL) led gains among crypto majors, rallying alongside Bitcoin, and Ethereum (ETH) captured the $2,000 mark again.
According to CoinGlass data, over $100 million was wiped from crypto markets in the last hour. It showed that most of the liquidations came from short positions, amounting to around $97 million.

Bitcoin’s price rose 6.1% in the last 24 hours to around $71,018, according to CoinGecko data. The last time Bitcoin was trading at these levels was in the first week of February. On Stocktwits, retail sentiment around the apex cryptocurrency fell to ‘bullish’ from ‘extremely bullish’ over the past day.

One user on the platform said Bitcoin could rally to $75,000 soon.
Others were more cautious, flagging that it could be another “pump and dump” moment.
Solana’s price also jumped 6.1% in the last 24 hours, at par with Bitcoin. Retail sentiment around the altcoin also saw a similar dip, falling to ‘bearish’ from ‘neutral’ territory over the past day.

Meanwhile, Ethereum's price rose 5.3% in the last 24 hours, climbing back over $2,000 for the first time in nearly three weeks. Retail sentiment fell to ‘neutral’ from ‘bullish’ territory over the past day.

According to one user, the pump in crypto prices is due to capital pulling out of gold and silver.
Binance Coin (BNB) and Ripple’s XRP (XRP) rose around 4.1% each in the last 24 hours. Dogecoin (DOGE) was up 2.3%, and Cardano (ADA) moved 2% higher. The overall cryptocurrency market jumped 5% to $2.48 trillion.
Read also: KOSPI, S&P 500, Gold Sink On US-Iran Tensions, But Bitcoin Holds $68K Floor
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