Bitcoin price surged past $68,000 following a breakout above key resistance levels, triggering a short squeeze that liquidated over $1 billion in crypto shorts within an hour. The rally pushed Bitcoin from below $65,000 to nearly $69,500 before settling around $68,500, breaking a two-month trading range. This move was supported by U.S. Treasury bond buybacks and a favorable SEC regulatory proposal, boosting market confidence. Bitcoin now faces resistance near $69,000-$70,000, with analysts cautious about potential pullbacks but optimistic if the price holds above $65,400.
The US government, under President Trump's leadership, has codified the GENIUS Act to streamline crypto regulations and established a strategic Bitcoin reserve from seized assets. This move clarifies the regulatory distinction between crypto securiti...
Bitcoin's price surged past $68,000, causing $1.93 billion in leveraged crypto liquidations within 24 hours, predominantly affecting traders betting against the market. Short positions accounted for $1.75 billion of the liquidations, with Bitcoin alo...
Former President Donald Trump announced that the US government is considering purchasing a significant amount of Bitcoin, continuing its policy of maintaining a Strategic Bitcoin Reserve. The US currently holds about 328,000 BTC, making it the larges...
Bitcoin surged nearly to $70,000 following the US Treasury's announcement to double bond buybacks to $4 billion, triggering $1.9 billion in total liquidations, mostly from short positions. This move reflects growing concerns over rising US debt servi...
Bitcoin surged to nearly $69,000, marking its first rise above $68,000 since June, and triggered the largest-ever daily short liquidation volume of about $1.1 billion in perpetual futures. This historic liquidation surpassed previous peaks from 2021 ...
