Bitcoin and Ethereum Explode, Wrecking Over $250M in Shorts in an Hour

🚀 Bitcoin has surged to nearly $80,000 after a brief dip following the US CPI data release, showcasing a strong rebound in the crypto market.

💥 Ethereum has made headlines with an impressive 8% daily increase, briefly surpassing $2,660 for the first time since late January.

💸 The rapid market movements resulted in over $250 million in short positions being liquidated within an hour, contributing to a total of $660 million in wiped-out positions for the day.