Bitcoin Surges to $85,294 Amid Market Rebound
- Bitcoin reached an intraday peak of $85,294 per coin on Friday.
- The cryptocurrency’s value increased by 4.55% in a single day.
- Bitcoin prices bounced from $79,000 lows to $85,000 highs within 24 hours.
- $43 million in short positions were liquidated in just four hours.
- The S&P 500 experienced a strong recovery after a 10% decline from its record high.
On Friday, Bitcoin’s price soared to an intraday high of $85,294, marking a significant rebound from its previous low of $79,000. The rapid increase led to the liquidation of $43 million in short positions within four hours.
Source (2.6)https://news.bitcoin.com/bitcoin-bulls-roar-43m-in-short-positions-liquidated-in-4-hours/?rand=52384
