Bitcoin Shatters Resistance Barrier, Surges Past $68K

Bitcoin's price surged past $68,000 in a rapid breakout above key resistance levels, triggering a massive short squeeze that cleared over $1 billion in crypto shorts within an hour.

The rally pushed Bitcoin from below $65,000 to nearly $69,500 before settling around $68,500, breaking a two-month trading range.

This move was supported by U.S. Treasury bond buybacks and a favorable SEC regulatory proposal, which boosted market confidence.