Bitcoin Price Rockets Past $80K as Leveraged Shorts Get Crushed

Bitcoin smashed through the $80,000 range, reaching an intraday high of $80,808 per coin on Thursday at 11 a.m. EDT. The leading crypto asset rose 3.5% over the last 24 hours, with a market cap around $1.60 trillion. The move crushed leveraged short positions as the market turned green.