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Bitcoin Surges Past $80,000 as Short Squeeze Triggers Massive Crypto Rally

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The Story

News Summary

  • Bitcoin reclaimed the $80,000 level following an upside breakout fueled by easing Fed rate hike expectations and strong US ISM Services PMI data.
  • Massive short liquidations totaling $86 million accelerated gains across crypto markets, driving broad rallies in Ethereum, Solana, and altcoins.
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76705.00 +13.71% over the displayed period

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