Bitcoin Surges Toward $70K as $1.14 Billion in Crypto Shorts Get Rekt in an Hour
Bitcoin surged toward $70,000, with $1.14 billion in crypto short positions liquidated within an hour. The rally was attributed to a White House meeting with crypto's biggest names and softer signals from the Federal Reserve. However, the article notes that chart patterns suggest the pain for bearish traders may not be over yet.
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