Bitcoin Hits $76.4K Intraday High—Could This Mark the Start of a Bull Run?
Bitcoin gained over 9% against the U.S. dollar, reaching an intraday high of $76.4K, pushing its market cap to $1.49 trillion.
This surge has sparked a significant reaction in the market, with short sellers losing $242 million in the past 24 hours. Bitcoin’s 30-day gain is 21.6%, and it has climbed 79% year-to-date. In total, $611 million in liquidations occurred, affecting 142,600 traders.
Bitcoin’s dominance continues to drive the market, with increased trading volumes and open interest signaling growing investor confidence and potential shifts in the broader crypto market.
Clever Robot News Desk 8th November 2024
