Bitcoin’s US$87,000 spike: Real breakout or a US$900 million short squeeze?

Bitcoin’s US$87,000 spike: Real breakout or a US$900 million short squeeze?

Bitcoin’s surge to around US$87,000 has captured the market’s full attention, and the data tells a clear story about what powered this move. The leading cryptocurrency rallied from the mid US$70,000s to an intraday high near US$87,000, its strongest level since late January. That advance pushed its market cap toward roughly US$1.7 trillion to US$1.8 […] The post Bitcoin’s US$87,000 spike: Real breakout or a US$900 million short squeeze? appeared first on e27 .