Bitcoin Breaks Through $76,000 as Short Squeeze Sends Price Soaring
Bitcoin's price has broken through the $76,000 mark, continuing its sharp four-day rally from around $62,700.
This surge has pushed BTC approximately 22% higher, with a significant portion of this gain coming from forced short closures.
A recent spike in crypto short liquidations has reached record levels, with more than $3.8 billion wiped out over two days.