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Crypto

BTC Surges Past $80K, Wipes Out $140M in Shorts in One Hour

Guavy AI Editorial Team
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BTC
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The cryptocurrency market has regained momentum as Bitcoin's price surged past $80,000 for the first time in a week. This sudden uptick lifted most altcoins and signaled renewed market strength.

The sharp rally resulted in over $140 million in short positions being wiped out in just one hour. This increase in volatility is likely to have a significant impact on the market.

Bitcoin's surge past $80,000 marks a turning point for the cryptocurrency after several days of suppressed price action.

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