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Bitcoin Breaches US$24,000 to Reach Highest Price Since August as Short Sellers Liquidated

Bitcoin broke through the US$24,000 price ceiling for the first time in two weeks to reach its highest price since mid-August in Thursday morning trading in Asia, as investors liquidated almost US$70 million of mostly short-position bets, according to data aggregator GlassNode. The short positions, or bets the price of Bitcoin would fall, had grown following a series of U.S. regulatory crackdowns this month on crypto services. Ether rose with the rest of the top 10 non-stablecoin cryptocurrencies, with Solana leading the gains. (forkast)

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Bitcoin Bitcoin $95,187.84
-0.79%
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