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What Was Behind Bitcoin's $80K Surge? | CoinDesk Daily
Published 3 weeks, 1 day ago
Description
What drove BTC's jump above $80K?
Bitcoin jumped from $62,000 to $80,000 in its second-largest weekly gain in five years, but futures data shows it was short covering that drove the move. With leverage now near multi-month lows, the rally may actually be steadier than it looks. CoinDesk's Uyen Truong hosts "CoinDesk Daily."
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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at realfi.co.
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This episode was hosted by Uyen Truong. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.