Ether Rises 2.25% in Four Hours to $2,508 as Shorts Are Liquidated

Ether (ETH) rose from $2,452 to $2,508 in four hours, gaining 2.25% by 11:34 p.m. ET on Oct. 12 (03:34 UTC on Oct. 13), while short liquidations reached $5.53 million during the same one-hour period. The price was measured on Binance’s spot ETH/USDT market. Despite the four-hour gain, Ether remained down 1.48% over the previous 24 hours. Short liquidations across Binance, Bybit and OKX totaled $5.53 million, compared with $10,000 in long liquidations. Ether’s market capitalization stood at approximately $304.21317 billion, making it the second-largest cryptocurrency by that measure. Enna Lee reports on investing and digital-asset markets for TokenPost.

Source: TokenPost