Bitcoin has experienced extreme volatility but managed to reclaim the $100,000 mark. Over $161 million worth of shorts were liquidated in the past 12 hours. The cryptocurrency is currently trading at $101,295 on Bitstamp. Bitcoin surged by 11% after reaching a low of $91,530 due to market uncertainty. The spike was attributed to a deal between the US and Mexico to postpone tariffs. Industry experts believe the Bitcoin bid is unstoppable, with the price bouncing back quickly. The price is still down 7% from its record high. Analysts predict short-term lows of $70,000 and $80,000 but are bullish in the long term.



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