Bitcoin hits $85,000 after $648M wipeout forces mass buying
Bitcoin rose above $85,000 following a significant liquidation event that wiped out $648 million in positions, prompting widespread buying. According to data from CryptoSlate, BTC surged more than 5% in the past 24 hours to reach $85,193, marking its strongest advance since January. The asset had slightly eased to $84,545 by press time. For more details, see the original report on CryptoSlate.
Bitcoin rose above $85,000 following a significant liquidation event that wiped out $648 million in positions, prompting widespread buying. According to data from CryptoSlate, BTC surged more than 5% in the past 24 hours to reach $85,193, marking its strongest advance since January. The asset had slightly eased to $84,545 by press time. For more details, see the original report on CryptoSlate.
Sources
- CryptoSlate — Bitcoin hits $85,000 after $648M wipeout forces mass buying
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