Bitcoin price surge tops $77K after $1.5B short squeeze

Bitcoin surged 7.9% in 24 hours to trade around $77,137, briefly hitting an intraday high of $79,320, according to Decrypt data. The sharp rebound followed a $1.5B short squeeze, marking one of the token's strongest moves this year. Traders are closely watching whether Bitcoin can sustain momentum above $77K as volatility persists.