Bitcoin Surges Past $80K Amid Market Rebound
The Bitcoin price has surged past $80,000 for the first time in over ten days, following recent adverse developments from the US Federal Reserve and Senate.
This sudden increase was accompanied by a sharp market rebound, with altcoins such as ETH reaching $2,550 and XRP surpassing $1.35.
The resulting liquidations totalled $180 million, highlighting the elevated market risk currently present in crypto markets.