Bitcoin’s Price Rips Past $80K as Short Sellers Get Steamrolled
Bitcoin’s price ripped from the mid-$76,000s to nearly $81,000 on Friday at 10:45 a.m. ET, after traders spent the week absorbing a failed U.S. Senate crypto vote and two central-bank rate hikes. The final leg wasn’t simply buyers charging in. Roughly $192 million in leveraged crypto positions vanished in one hour, including more than $183 […]
Key Takeaways
- Bitcoin’s price ripped from the mid-$76,000s to nearly $81,000 on Friday at 10:45 a.m.
- ET, after traders spent the week absorbing a failed U.S.
- Senate crypto vote and two central-bank rate hikes.
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Regulation
Vietnam and Austria Partner on Crypto Oversight
Vietnam has built a pilot legal framework and plans to license its first crypto-asset service providers in 2026. Building Guardrails Vietnam reportedly plans to license its first crypto-asset service providers in 2026 under a pilot legal framework as the…
Hong Kong jails former banker over $1.6B false credit, cryptocurrency bribes: Report
Former banking official gets four years in prison over false letters of credit and accepting $470,000 in cryptocurrency bribes.
SBI Invests in Singapore’s Dtcpay to Scale Stablecoin Rails
SBI Group is backing Singapore-based Dtcpay as the regulated payments company expands its stablecoin merchant network and product suite. The investment extends Dtcpay’s Series A to $25 million and deepens SBI’s digital asset push across Asia. SBI Extends…