business π Bitcoin nears $85k as oil drops
Bitcoin surged past $85,000, gaining 5% over the last 24 hours, amid falling oil prices. This massive move saw short liquidations hit $300 million in just one hour on Monday. Crypto-linked stocks like Strategy (MSTR) and Coinbase (COIN) also climbed alongside this rally. The intense squeeze was driven by short sellers being forced out of their positions. Traders are now watching for the upcoming Trump-Xi summit for market direction. π