Bitcoin Soars Back Beyond $59k Triggering $185 Million In Liquidations

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Bitcoin Soars Back Beyond $59k Triggering $185 Million In Liquidations
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Bitcoin’s price rebounded back above $59,000 on Thursday, marking an 8% climb on the day in spite of broader macroeconomic fears., over $189 million in trades have been liquidated across the crypto market in the past 24 hours, including $109 million in shorts.

The leading digital asset is now up 8.45% on the day at $59,622, with its weekly losses now reduced to 7.78%. The Telegram-linked Toncoin posted one of the strongest daily recoveries, pumping 13% on the day. Memecoin PEPE rose 11%, and Solana rose 7.85%.

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