Leading cryptocurrencies edged higher as investors’ expectations of interest rate cuts spurred investments in risk-on markets. What Happened: Bitcoin topped $70,000 and broadly sustained the gains around the level, while Ethereum consolidated after its spike over $3,800. Previously, the two assets faced strong resistance at these levels. The rally resulted in liquidations worth $97 million in the last 24 hours, with short liquidations accounting for 62%. The brief surge was enough to catalyze the speculative markets. Bitcoin’s Open interest surged 5.85% to an all-time high of $37 billion, refl…
