Bitcoin price hits $80K as 24-hour crypto short liquidations pass $220M
As BTC tops $80,000 for the first time since May, price analysis warns that the market still needs to sustain higher levels to challenge the bear-market thesis.
Bitcoin (BTC) passed $80,000 after Monday’s Wall Street open as bulls built on last week’s snap BTC price rally.
Key points:
Data from TradingView showed BTC/USD passing the $80,000 for the first time since May 15, up another 3% on the day before pulling back following the European close.