Massive Short Squeeze Sends Bitcoin Price Above $86,000
Bitcoin’s price rallied past $86,000, achieving a 6% daily gain and pushing its market capitalization to $1.72 trillion. The move brought the asset near its Jan. 1 opening price of $87,575, narrowing year-to-date losses to under 2%. Two Waves of Price Action Lead to $1.72T Market Cap Bitcoin’s price tapped $86,000 shortly after midmorning as […]
Key Takeaways
- Bitcoin’s price rallied past $86,000, achieving a 6% daily gain and pushing its market capitalization to $1.72 trillion.
- The move brought the asset near its Jan.
- 1 opening price of $87,575, narrowing year-to-date losses to under 2%.
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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