Bitcoin Hits $71,500, Edging Closer to $73,000 High as $100M Shorts Are Liquidated

Bitcoin (BTC) skyrocketed past the $71,000 mark on Tuesday, October 29, 2024, hitting its highest value since June. The world’s leading cryptocurrency surged 5%, bolstered by a combination of factors including inflows into dedicated exchange-traded funds (ETFs) and speculation surrounding the potential outcome of the upcoming U.S. presidential election. According to Coinbase data reported by … Continue reading Bitcoin Hits $71,500, Edging Closer to $73,000 High as $100M Shorts Are Liquidated