Helium (HNT), Avalanche (AVAX) and Pickle rally on partnership announcements By Cointelegraph

Helium (HNT), Avalanche (AVAX) and Pickle rally on partnership announcements

CryptocurrencyFeb 09, 2021 08:20PM ET

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Helium (HNT), Avalanche (AVAX) and Pickle rally on partnership announcements

Bitcoin (BTC) price continues to defy gravity and its strong bullish breakouts frequently result in short sellers needing to cover their positions in a hurry. A repeat of this happened on Feb. 9 when Bitcoin soared on the news of Tesla’s $1.5 billion Bitcoin purchase. Bybt data shows that about $1.34 billion worth of Bitcoin futures positions were liquidated due to the sharp rally.

Crypto market data daily view. Source: Coin360

Another notable event was the launch of CME Ether (ETH) futures on Feb. 8. Several traders feared that the launch would send Ether price tumbling, similar to the weakness seen in Bitcoin shortly after the launch of its futures in 2017. However, this has not happened and Ether remains strong.

HNT/USDT daily chart. Source: TradingView

AVAX/USD daily chart. Source: TradingView

PICKLE/USDT daily chart. Source: TradingView

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iShares Russell 2000	219.64	-2.08	-0.94%
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Direxion Daily Junior Gold Miners Bull 2X Shares	91.33	+4.82	+5.57%
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Helium (HNT), Avalanche (AVAX) and Pickle rally on partnership announcements

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