Browsing: Past

On August 20, Eastern Time, Bitcoin surged 11% to exceed $71,000, reaching its highest level since June 1 and breaking out of its previous sideways consolidation. The explosive rally was driven by liquidity injections from U.S. Treasury bond buybacks, the SEC’s passage of Crypto Asset Regulations, and a White House meeting with crypto executives. This…

Bitcoin price surged past $68,000 late Wednesday as a break above crowded liquidation levels forced short sellers to buy back positions, turning a gradual recovery into a one-minute price spike of roughly 4%.

Bitcoin jumped above $68,000 on Wednesday, extending a dramatic intraday recovery as risk assets climbed with US government bonds. The largest digital coin cut through the resistance level around $68,000 that has repeatedly tripped up a recovery over the summer, triggering fresh focus on $70,000.