$1.2B Wiped out: Bitcoin Squeeze Returns Strategy to Profit

WorldPing

Bitcoin surpassed $79,000, boosting market cap past $1.55 trillion and pushing the broader crypto market to $2.65 trillion amid growing fears over $40 trillion in U.S. national debt.

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CoinDesk•

Strategy sits on $1.4 billion profit on bitcoin holdings as price surges

Strategy’s common stock rose 10% in Friday pre-market trading to $120, the highest level in two months.

Brief by WorldPing · Original reporting by CoinDesk

WorldPing

Cointelegraph•

Strategy Bitcoin treasury hits breakeven point as BTC price passes $77K

Bitcoin gains 20% in two days as Strategy sees its BTC treasury climb out of the red.

Brief by WorldPing · Original reporting by Cointelegraph

WorldPing

CoinDesk•

Bitcoin, ether and solana climb as another $1 billion shorts get wiped out

The two-day short liquidation total has reached about $3.8 billion, after Thursday's figure set a record going back to 2021.

Brief by WorldPing · Original reporting by CoinDesk

WorldPing

The Block•

Bitcoin surge toward $80K points to liquidity-driven momentum shift as ETF flows rebound: Bernstein

U.S. spot bitcoin ETF flows have also rebounded, while Strategy's bitcoin holdings are now back above their average purchase price.

Brief by WorldPing · Original reporting by The Block

WorldPing

CryptoSlate•

Bitcoin is closing in on $80,000 and already destroyed a record $4 billion in short bets

Bitcoin surged toward $80,000 on Friday, extending a three-day rally that has liquidated more than $4 billion in bearish bets and pushed the cryptocurrency to a three-month high.

Brief by WorldPing · Original reporting by CryptoSlate

WorldPing

CoinDesk•

Bitcoin tops $77,000 as best week since 2023 pulls altcoins along for the ride

BTC has gained 24% since Monday and reached the level implied by its inverse head-and-shoulders break, with shorts still taking a contrarian position.

Brief by WorldPing · Original reporting by CoinDesk