$70 Million in BitMEX Shorts Burned as Bitcoin Erupts 10% to $7,700

In the past 20 minutes, Bitcoin has rocketed higher. After trading around $7,000 for most of Wednesday, the cryptocurrency started to rally, hitting a local high of $7,770 just minutes ago — 9% higher than the weekly open and a more impressive 14% higher than the weekly low. This was a move that surprised crypto…

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Author: toutiao