Bitcoin
Why Is Bitcoin Going Up? $81K Touch as $380M Shorts Wiped Out
Bitcoin ( BTC▲$80,468.00 ) briefly touched $81,000 on Nov. 4 as $380 million in short positions were liquidated in an hour, helping explain why Bitcoin is going up. Risk assets rallied broadly after the US midterm elections. CoinGecko put Bitcoin at $80,573 at 15:41 UTC, up 4.05% over 24 hours. Election uncertainty eased, reversing the slide in US stocks and crypto. Bitcoin had hit a seven-week low of $75,600 earlier in the session, leaving traders exposed to sharp moves in either direction. 📌Bitcoin Rebounds From $75,600 to a Brief $81,000 Touch 🔸$380 Million in Short Liquidations Accompanies the Reversal 🟣US...
Bitcoin Foundation14 min read
