Bitcoin Stalls at $77K as Gold Soars Past $4,600
Bitcoin's recent surge has stalled at around $77,000, giving traders a brief respite after a week of explosive growth. The cryptocurrency soared nearly 24% in just seven days, with its price now within striking distance of three-month highs.
The move has come at the cost of $3.5 billion in liquidations, with leveraged traders forced to close their positions as the price climbed beyond their margin limits. This figure represents one of the largest single-day wipeouts since March 2026, and is a clear indication that some investors were caught off guard by the rapid ascent.
The factors behind Bitcoin's breakout include increased institutional demand, accelerating short covering, and emerging regulatory clarity. Gold, meanwhile, has also been on the rise, climbing past $4,600 per ounce in its own parallel ascent.