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Bitcoin Surges Past $52,000, Liquidating $147 Million in Shorts

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Source: Decrypt
Bitcoin Surges Past $52,000, Liquidating $147 Million in Shorts
Photo: Decrypt
TL;DR

Bitcoin's price surge has led to the liquidation of $147 million in short positions across cryptocurrencies, with $79 million in BTC shorts wiped out in the past 24 hours. The rally follows significant capital influx into Bitcoin ETFs approved by the U.S. SEC, with $1.1 billion entering digital asset-focused funds last week. Bitcoin is currently trading at $51,680, up over 6% in the past day and 20% in the past week, although it remains 25% below its November 2021 all-time high.

Topics:businesscryptocurrency#bitcoin#cryptocurrency#etfs#market-rally#short-positions
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  1. Bitcoin Price Continues to Rally as $147 Million in Shorts Are Liquidated  Decrypt
  2. Crypto Fear & Greed Index Hits Highest Level Since Bitcoin's 2021 Record High  CoinDesk
  3. Bitcoin Tops $52,000 to a Fresh Two-Year High. Why $60,000 Could Be Next.  Barron's
  4. Bitcoin's market cap crossed $1 trillion again  Quartz
  5. Bitcoin regains $1 trillion market cap as the cryptocurrency hits over two-year high  CNBC

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