🔥 Bitcoin Hits $93,975, Liquidating $44.4M in Shorts
Bitcoin surged 3.3% in the past day and 7.5% this week, reaching a market cap of $1.86 trillion. With $84.79 billion traded in 24 hours, the rally wiped out $44.4M in BTC short positions, showcasing its dominance in the crypto market.
📈 Institutional Buy-In Fuels Momentum
Experts link the surge to increasing institutional interest and excitement around regulated trading options like Blackrock’s IBIT ETF. Bitcoin's growing acceptance by institutional players cements its role as a financial powerhouse.
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