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Bitcoin Rallies Toward 80k as Dollar Weakens and Short Liquidations Surge

Dow Jones Newswires Read original source (opens in a new tab)
The Story

News Summary

  • Bitcoin climbed during Asian trading hours, hovering near multimonth highs at $78,835.
  • Gains were fueled by U.S.
  • fiscal worries weakening the dollar, short liquidations, and anticipation surrounding institutional accumulation, alongside upcoming U.S.
  • GDP and PCE data releases.
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BTCUSD price history

75768.94 +15.26% over the displayed period

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