Bitcoin Price News: BTC Back Above $69,000 as Crypto Shorts Get Squeezed

Bitcoin trades near $69K, wipes out $146M in shorts; transaction fees fall to 2011 lows

Bitcoin hovered near $69,000, triggering over $146 million in short liquidations as major cryptocurrencies saw gains. Despite a 2% rise in global market cap to $2.36 trillion, analysts note a lack of conviction, with Bitcoin struggling to break past key resistance levels. Transaction fees and exchange balances show significant shifts.

Bitcoin price news: BTC back above $69,000 as crypto shorts get squeezed

A report that the U.S. and Iran are discussing a 45-day ceasefire lifted risk assets across the board on Monday, with short liquidations outpacing longs nearly 3-to-1 in the past 12 hours.

Crypto Market Hit With $325M in Liquidations After Shorts Get Squeezed Out

TL;DR: Bitcoin’s move back to $70,000 triggered $325 million in crypto liquidations over 24 hours, with roughly $300 million tied to short positions across the market. The squeeze intensified as forced buybacks hit, while James Wynn reportedly lost $99.1 million after betting against Bitcoin during recent volatility. BTC later slipped to $69,502, still up 3.9% daily, as volume jumped more than 105% to $34.9 million and participation rose sharpl…

Is Bitcoin price rebound above $69,000 a dead-cat bounce?

Bitcoin (BTC) price broke through last week’s sell zone around $69,000 to reach a seven-day peak on April 6, amid mixed market sentiment. The flagship coin had gained 4.11% in the past 7 days to trade at about $70,003 at press time. Bitcoin added more than $55.6 billion in its market capitalization on Monday, to reach $1.39 trillion at the time of reporting. BTC/USD 7-day chart. Source: Finbold The BTC price surge today was largely fueled by a s…

Bitcoin rebounds to $69,000 - London Business News

Bitcoin has recorded two consecutive recovery sessions, reclaiming the $69,000 level and reflecting a temporary improvement in market sentiment after three straight sessions of decline. However, this upward move is… The post Bitcoin rebounds to $69,000 appeared first on London Business News

Bitcoin Jumps As Trump Mixes Threats And Iran Talks

Oil prices were already pushing higher when Bitcoin caught a sudden jolt. Crude climbed to about $112 a barrel on Monday morning after the Middle East war and the Strait of Hormuz shutdown added new pressure to energy markets, while one market watcher warned that if prices stay near that level for weeks, US inflation could edge up again. Oil Market Pressure Builds US President Donald Trump added to the tension with a new warning for Iran. In a p…