"Bitcoin's aggressive rally intensified over the last 72 hours, tacking on $5,000 to reach an intraday peak of $79,500 on April 22. This surge marks the first time bitcoin has tested these levels since early February."
"The gain saw its market cap rise to approximately $1.58 trillion, a marked increase from the $1.36 trillion observed on April 1. Bitcoin's climb saw $207 million in short bets liquidated in a 24-hour window."
Bitcoin's value increased by $5,000 in 72 hours, reaching $79,500 on April 22, the highest since February. The market cap rose to $1.58 trillion, driven by President Trump's extension of the Iran ceasefire. This surge led to a short squeeze, liquidating $207 million in short positions. Analysts predict a holding pattern for Bitcoin until oil prices drop or clearer signals from the Federal Reserve emerge. The price action reflects Bitcoin's role as a proxy for geopolitical risk.
Read at news.bitcoin.com
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