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Bitcoin Surges 5.4% to $84,984 Amid Oil Price Drop and Risk-On Flows

Guavy AI Editorial Team
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BTC
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Bitcoin's price surged to $84,984 on Wednesday, marking a 5.4% increase in value.

This sudden jump forced $647.9 million in short liquidations as crypto open interest rose 7.59% to $156 billion and trading volume jumped 39% to $224 billion.

Meanwhile, oil prices fell, with Brent dropping 2.6% to $101.17 and WTI decreasing by 2.5% to $97.78.

The rise in Bitcoin's price is attributed to the risk-on flows into crypto markets, which were supported by news that Trump kept Iran talks open.

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