CandleFocus Bitcoin Price is Running from Record to Record! We Are Just Below $80,000! What's the Reason for the Rise? Here's What You Need to...
2024-11-10
Author: Content Editor
Bitcoin (BTC) reached a new all-time high of over $79,000, increasing by 4% and bringing its weekly gain to over 16%. This surge was influenced by recent political and economic changes in the US, including the election of Donald Trump as president and the Fed's rate cut. The rise in BTC prices during the weekend is seen as a positive indicator of broad-based interest in Bitcoin, with retail investors playing an active role. However, bearish investors suffered significant losses, with $280 million worth of short positions liquidated.
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