Bitcoin has achieved a new intraday high, reaching $76,481 on Bitstamp shortly after 3 p.m. EDT on Wednesday, highlighting significant market movement.
By 7:30 p.m. the same day, Bitcoin had slightly decreased to $75,297 per coin. However, this still reflected a substantial gain of over 9% against the U.S. dollar.
The market has experienced considerable disruption, particularly affecting short sellers, who incurred a loss of $242 million amidst Bitcoin's upward trajectory.
These recent developments have sparked conversations around what some are calling the start of a 'golden bull era' for the flagship cryptocurrency.
