Bitcoin Short Squeeze Sends Price Past $80K as Shorts Get Crushed

Bitcoin is back above $80,000, and the move has been anything but quiet. A fresh short squeeze has helped propel the cryptocurrency 5.88% higher in a single session, sending it from an opening price of $76,355 to an intraday high of $80,857.Across the crypto market, more than $445 million in short positions were liquidated during the move. Bitcoin accounted for more than half of that total, with roughly $230 million in short positions wiped out.The timing is notable. Earlier in the week, Bitcoin