Bitcoin surged past $70,000, driven by the largest short squeeze since March, with $431 million in liquidations accelerating the rise. This forced buying helped Bitcoin cross $65,000 smoothly, but sustaining the breakout depends on new demand as liquidation pressure fades. Additionally, short-term holders are selling 44,300 BTC in profits, testing the market's ability to absorb these sales and putting the $67,100 support level into focus. The rally's strength will be clearer if Bitcoin holds above this level despite profit-taking.
XRP surged over 10% near $1.10 following Bitcoin's sharp 8% rise to $72,281, triggering more than $1 billion in Bitcoin short liquidations. This major short squeeze reflects renewed bullish momentum after months of decline. Amid this volatility, UE C...
Major cryptocurrencies saw significant gains, with Bitcoin rising 6.2% to $72,557 and Ethereum up 10.9% to $2,326.79. Other notable increases include XRP up 16.1%, Dogecoin up 10.7%, and several altcoins showing double-digit percentage gains. This su...
Bitcoin's recent rally above $72,000 was driven by the U.S. Treasury doubling bond buybacks to $4 billion, which surprised markets and boosted liquidity. Economist and bitcoin critic Peter Schiff dismissed this surge as a temporary 'fakeout' rather t...
Peter Brandt, a veteran futures trader, has shifted from a bearish to a bullish stance on Bitcoin after the cryptocurrency broke above $64,000, invalidating his previous downtrend prediction. The breakout completed an inverted head-and-shoulders patt...
XRP surged over 10% in its best week since the 2024 US election, climbing above $1.10 as Bitcoin rallied sharply due to a historic $2.7 billion short squeeze. Bitcoin's rapid rise from around $63,000 to highs near $71,750 forced massive short liquida...
