Bitcoin Soars Past $71K Amid Short Liquidation Wave
Bitcoin has surpassed $71,000 in value for the first time this month. The surge comes as a wave of short liquidations amplifies the rally that began on Wednesday.
The largest cryptocurrency rose 3.4% at press time to trade at $71.7K, marking a seven-day advance of 13%. This price increase is significant in the context of Bitcoin's recent performance.
Washington's influence on the market has been cited as one factor driving the rally, but no further details are provided by the source.