Crypto News, July 27: Why Crypto Up? ETH BTC Ratio Just Flashed a Massive Alt Season Signal

Crypto has started the week with a completely different mood. Just days ago, traders were preparing for another round of geopolitical escalation. Instead, the United States and Iran have now held fire for a second consecutive day, oil prices have dropped by 5%, and risk appetite has returned. If you’re wondering why crypto is up today, this shift in sentiment is where the news and story begin. Today, we also see the ETH BTC ratio breaking higher, adding another bullish signal.

Bitcoin climbed back above $65,000, Ethereum led gains among major crypto coins, and bearish traders were caught offside. More than $200 million worth of crypto positions were liquidated over the past day, with the vast majority coming from shorts forced to cover their positions.

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