Bitcoin’s Price Rips Past $80K as Short Sellers Get Steamrolled

Bitcoin’s price ripped from the mid-$76,000s to nearly $81,000 on Friday at 10:45 a.m. ET, after traders spent the week absorbing a failed U.S. Senate crypto vote and two central-bank rate hikes. The final leg wasn’t simply buyers charging in. Roughly $192 million in leveraged crypto positions vanished in one hour, including more than $183 [...]