Bitcoin Hits $70,000: What Is Fueling the Latest BTC Rally?
Key Highlights Bitcoin briefly touched the $70,000 milestone on August 19, marking its highest price level since early June. More than $1 billion in crypto short positions were liquidated during the rapid upward move, triggering a powerful short squeeze. Easing liquidity pressures and lower long-term U.S. Treasury yields provided a supportive backdrop for risk assets. […]

