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Bitcoin Spike Fueled by Short Squeeze as Market Shrugs Off Tether News

According to one analyst, some $1 billion in trading positions were liquidated as prices surged.

By Lyllah Ledesma
Updated Sep 14, 2021, 1:30 p.m. Published Jul 26, 2021, 6:46 p.m.
Bitcoin appears to have been caught up in a short squeeze that drove prices higher.
Bitcoin appears to have been caught up in a short squeeze that drove prices higher.