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Bitcoin Surges as Bears Get Wiped Out | Bitcoin and Crypto News
Description
Bitcoin and Ether just pulled off a wild rally, crushing bearish bets and sending Bitcoin past $70K for the first time in months—Ether jumped nearly 19% in one day. Traders who shorted got wiped out, while companies like Michael Saylor’s saw massive paper gains. Meanwhile, Washington’s crypto regulations are moving forward even without the Clarity Act, as Visa and X explore stablecoins for payments. But beneath the hype: security flaws in wallets like Coldcard still threaten users, and Russia’s mining crackdown shows infrastructure risks remain. Analysts are split—can this momentum last, or is caution the smarter play?
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