The price of Bitcoin, that audacious cousin of the crypto clan, sprang to a dazzling intraday high of $81,019, according to CoinGecko data.
The leading cryptocurrency, being the notable asset it is, is down 35.7% from its all-time high of $126,080, achieved in the heady days of early October.
According to CoinGecko data, roughly $226 million worth of shorts has been liquidated over the past 24 hours – a tidy little purge that would make any tailor blush.
All eyes on $82,000
According to Jeff Park, a dapper advisor at Bitwise, the show will really begin when the leading cryptocurrency clears the $82,000 level.
So far, the bulls are having a bit of a wrestle with this pivotal resistance, puffing like a chorus of overworked porters but not quite making the doorway.
In the meantime, there is a decent chance that Bitcoin may never trade below $60,000 again, what with the 200-week moving average rising above that figure for the first time and doing a jaunty step into the future.
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2026-05-05 11:15