🚨 Bitcoin jumps to $78,000 as the biggest short squeeze on record fuels the rally.
Bitcoin hit $78,000 for the first time since May after $2.8 billion in short positions were liquidated, the largest liquidation wave since records began in 2021.
The rally was also supported by the US Treasury’s decision to double long dated bond buybacks, easing bond yields.
President Trump also urged Congress to pass the CLARITY Act at a White House crypto summit, adding to the positive policy backdrop.
Crypto stocks including Coinbase and Strategy rallied, but Bitcoin remains well below its October 2025 record high above $126,000.
$BTC
Bitcoin hit $78,000 for the first time since May after $2.8 billion in short positions were liquidated, the largest liquidation wave since records began in 2021.
The rally was also supported by the US Treasury’s decision to double long dated bond buybacks, easing bond yields.
President Trump also urged Congress to pass the CLARITY Act at a White House crypto summit, adding to the positive policy backdrop.
Crypto stocks including Coinbase and Strategy rallied, but Bitcoin remains well below its October 2025 record high above $126,000.
$BTC