Bitcoin Nears $75,000 as Short Liquidations Top $4 Billion

Bitcoin surged to just under $75,000 during Asian trading on Friday, extending a sharp rally that has pushed the worlds largest cryptocurrency nearly 8% higher in 24 hours and almost 18% over the past week. Bitcoin briefly climbed above $75,500 overnight after trading near $64,100 only two days earlier. The rapid Bitcoin price rally triggered another wave of losses for bearish traders. According to CoinGlass, approximately $1 billion in short positions were liquidated over the past 24 hours, accounting for most of the $1.23 billion in total crypto liquidations across more than 140,000…  Read more

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