Bitcoin Reclaims $80K as Dovish Fed Outlook Triggers $230M Short Squeeze
Bitcoin surged 5.88% to $80,846, recovering from recent lows as a Federal Reserve rate hike was paired with a surprisingly dovish outlook. The rally triggered over $230 million in Bitcoin short liquidations and $445 million across the broader crypto market. Technical indicators suggest a strong trend, though volatility compression hints at potential future swings.