Bitcoin.com

Bitcoin Hits $72,850 as Traders Lose $650M in Shorts

Bitcoin Hits $72,850 as Traders Lose $650M in ShortsWorldPing

Bitcoin surged past $72,000 to a session high of $72,850, gaining approximately 14% over four days and raising its market capitalization to $1.45 trillion.

This is a short WorldPing brief. The full report was published by Bitcoin.com.

Read the full report at Bitcoin.com

Related news

Schiff Dismisses Bitcoin’s $72k Surge as Treasury-Fueled FakeoutWorldPing
Bitcoin.com

Schiff Dismisses Bitcoin’s $72k Surge as Treasury-Fueled Fakeout

Peter Schiff, a known bitcoin critic, argued that the bitcoin rally was fake, a result of investors rushing to position liquidity as the Treasury buybacks announcement caught markets by surprise.

Brief by WorldPing · Original reporting by Bitcoin.com

US debt tops $40T stoking debate on what it means for BitcoinWorldPing
Cointelegraph

US debt tops $40T stoking debate on what it means for Bitcoin

Analysts say the $40 trillion debt milestone could bolster Bitcoin’s long-term case, even as Treasury yields, dollar strength and liquidity remain key near-term drivers.

Brief by WorldPing · Original reporting by Cointelegraph