Bitcoin Rips Toward $70K as $1.3B Short Squeeze Erupts

Bitcoin raced to $69,749 on Aug. 19 as falling Treasury yields and a cascade of forced short liquidations turned weeks of quiet trading into a sudden run toward $70,000. The move unfolded rapidly during late morning U.S. trading. Bitcoin had spent weeks largely trapped between about $61,500 and $65,000, leaving volatility unusually low and traders […]