Bitcoin achieved a new milestone by surpassing $76,000 for the first time ever. This surge instigated a volatile rally within the cryptocurrency market, which resulted in the liquidation of approximately $400 million in short positions.
The upward momentum was mirrored in the stock market, with standout performance from cryptocurrency-related stocks. Notably, Coinbase, a prominent crypto exchange, saw its shares close the day with a remarkable 31% increase.
This surge underscores a robust confidence in the digital asset space, as investors capitalized on the positive sentiment and favorable market conditions.
