Jamie Crawley is a CoinDesk news reporter based in London.
BTC has climbed nearly 6% in the last 24 hours, eclipsing $71,000 for the first time since early April. The CoinDesk 20 Index , which offers a broad measurement of the digital asset market, rose more than 8.5% while ETH jumped almost 20% to over $3,700. The market movements caused more than $260 million in short liquidations, the most since Feb. 28. Ether shorts lost over $115 million, followed by bitcoin shorts at just over $99 million, Coinglass data shows.
Call options at strikes well above ether's going market rate and expiring at the end of May and June have been in demand in a sign of bullish market sentiment.
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