Bitcoin
Bitcoin Climbs Higher as $1.2 Billion in Shorts Liquidated
Decrypt·August 21, 2026·1 min read
Bitcoin surged 7.9% in a day to around $77,000, triggering a short squeeze that wiped out roughly $1.21 billion in bearish bets. The largest cryptocurrency climbed higher amid a wave of favorable news from Washington, with $1.2 billion in shorts liquidated as the rally accelerated.
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