Bitcoin Price Hits $83K as Shorts Suffer $45M in Wipeouts

Bitcoin briefly surged past $83,000 on Oct. 20, hitting a daily peak of $83,335 and pushing its market capitalization near $1.67 trillion despite volatile intraday swings between $81,200 and $82,000. In a repeat of the price action seen Monday , bitcoin briefly surged past the $83,000 mark on Oct. 20 as the cryptocurrency appeared to establish support above $81,000 . The price surge came even as critics warned of another liquidation flush amid a rebuild of leveraged positions. Before its sudden burst, 24-hour market data showed bitcoin fluctuating between $81,750 and $82,000 Monday afternoon. Shortly before 8 p.m.

Source: Bitcoin.com News