Bitcoin experienced a significant surge, climbing above the $71,000 mark, as it added a 5% increase over the past 24 hours, according to CoinGecko data. This price movement allowed Bitcoin to break through a crucial $70,000 resistance level.
Trading volumes reached $48 billion, nearly doubling Monday's figures, highlighting increased market activity. Alongside Bitcoin's rise, a wild pump in the crypto market resulted in $175 million worth of short positions being liquidated.
