Bitcoin Hits Highest Price Since June as $3 Billion in Shorts Liquidated
In brief Bitcoin hit an intraday high of $72,408 Thursday before easing to $71,423, up 3.07% on the day This is the highest level since a flash crash sent the coin below $68,000 on June 2. Bitcoin's short sellers are having their worst two days on record: more than $3 billion in short positions were liquidated across crypto in the past 24 hours alone, taking out over 190,000 traders.
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Key Facts
- Fact 1: In brief Bitcoin hit an intraday high of $72,408 Thursday before easing to $71,423, up 3.07% on the day This is the highest level since a flash crash sent the coin below $68,000 on June 2.
- Fact 2: Bitcoin's short sellers are having their worst two days on record: more than $3 billion in short positions were liquidated across crypto in the past 24 hours alone, taking out over 190,000 traders.
- Fact 3: Bitcoin broke back above $72,000 Thursday, touching an intraday high of $72,408 before easing to trade near $71,423, up 3.07% on the day.
- Fact 4: That's the highest Bitcoin has traded since June 2, when a flash crash knocked it from roughly $71,765 to $67,895 in a single session, the opening move in a slide that eventually dragged Bitcoin to a 21-month low near $57,832 by the end of June.
In brief Bitcoin hit an intraday high of $72,408 Thursday before easing to $71,423, up 3.07% on the day This is the highest level since a flash crash sent the coin below $68,000 on June 2. Bitcoin's short sellers are having their worst two days on record: more than $3 billion in short positions were liquidated across crypto in the past 24 hours alone, taking out over 190,000 traders.
Bitcoin broke back above $72,000 Thursday, touching an intraday high of $72,408 before easing to trade near $71,423, up 3.07% on the day. That's the highest Bitcoin has traded since June 2, when a flash crash knocked it from roughly $71,765 to $67,895 in a single session, the opening move in a slide that eventually dragged Bitcoin to a 21-month low near $57,832 by the end of June. Myriad: Bitcoin next price move?
(Original synthesis pending human/AI review — generated by the stub provider by selecting real sentences from the source material, not by writing new analysis or commentary.)
Original source: Decrypt
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