CoinScoopBitcoin Surpasses $85,000 Amid Massive Short Liquidations
Bitcoin briefly reached $85,299, marking its highest level since January, as a short squeeze liquidated $648 million in bearish positions over 24 hours. Total liquidations across the market exceeded $747 million, with Ethereum, XRP, and Solana also seeing gains. The rally follows positive momentum in Asian and European equity markets.
Summaries are written by AI from the original article. Not investment advice.