Bitcoin Explodes Past $10,000 For the First Time in Six Weeks: $50M Liquidated

Bitcoin is back. Over the past few minutes, the asset has rocketed higher past $10,000 for the first time in approximately six weeks. At the local highs, the asset reached $10,150 — and slightly higher on margin exchanges. BTC price chart from TradingView.com According to data shared by crypto derivatives tracker Skew.com, approximately $50 million worth of Bitcoin short positions have been purged on BitMEX. This is the largest liquidation event in many weeks since there has been such low volatility in these markets. BTC’s price action comes as the…

Read More