$BTC
🚨 BITCOIN HITS $74,500 AS CRYPTO MARKET ADDS OVER $100 BILLION IN A SINGLE DAY
Bitcoin surged nearly $4,000 within 12 hours, reaching an intraday high of $74,500 and trading at $74,126 as of 07:46 UTC, up 4.85% on the day. Ethereum moved in tandem, climbing 6.38% to $2,331 with a session high of $2,340.
The combined rally erased over $300 million in short positions across the crypto market as leveraged bears were caught off-guard by the speed and scale of the move. Total crypto market capitalization gained more than $100 billion in the session.
Both assets posted near-vertical candles on the hourly chart, a pattern typically associated with short liquidation cascades amplifying an already directional move to the upside.