#BTCBackTo70K
Bitcoin surges above $70,000 in sharp rebound from weekly low
The cryptocurrency hit a high of $70,237 on Sunday, April 6, after falling below $67,000 earlier in the week, with more than $75 million in short positions wiped out during the rally.
Trader James Wynn saw his nearly $100 million Hyperliquid account shrink to just $900 after Bitcoin’s decline. Bulls like NBA legend Scottie Pippen celebrated with a chart of long-term gains, while skeptics including Peter Schiff pointed to Bitcoin’s modest five-year gains compared to stocks and gold, and others warned of a potential drop to $60,000.
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