Bitcoin touches $77,000, short liquidations exceed $260 million
- —Bitcoin touched $77,000 and traded at $76,600, up 1% on the day
- —Market-wide short liquidations were about $260 million, while long liquidations were $138 million
- —BTC shorts liquidated totaled $66 million versus $32 million in longs
- —Bitcoin's market capitalization held at $1.54 trillion
Why it matters: The rebound shows the market has digested the hawkish FOMC, but the failure of the CLARITY Act leaves DeFi in regulatory uncertainty.
Source: Bitcoin.com