Bitcoin Hits $67.9K Mark, Short Positions Liquidated in Wake of Price Climb

At 9:35 a.m. EDT on Tuesday, bitcoin reached a peak of $67,922. By 10:20 a.m., it was still riding high, trading between $66,905 and $67,101, marking a nearly 3% increase. This uptick pushed bitcoin’s seven-day gains to 6.7% against the U.S. dollar. According to recent data, ‘Uptober’ returns now sit at 3.83%. In the past four hours, Coinglass.com reports that BTC’s price movement caused the liquidation of more than $32 million in short positions. Across the broader crypto derivatives market, $258.23 million was wiped out, with $160.71 million in shorts taking the biggest hit. At its current price range of $66,905 to $67,101, bitcoin is only 8.3% shy of its all-time high of $73,737.