Bitcoin Tops $83,000 as Short Liquidations Reach $45 Million
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Bitcoin briefly reached $83,335 on Oct. 20, bringing its market value close to $1.67 trillion as short positions faced $45 million in liquidations.
Bitcoin climbed above $83,000 on Oct. 20 and reached a daily high of $83,335, according to Bitcoin.com News.
The move brought bitcoin’s market capitalization close to $1.67 trillion. Trading remained volatile, with the source also reporting intraday swings between $81,200 and $82,000.
The report’s headline put liquidations of short positions at $45 million. The supplied excerpt did not specify the liquidation timeframe or the exchanges involved.
Source: Bitcoin.com News
