Bitcoin traded above $80,000 on Aug. 25, the first time it has reached that level since May. CoinGecko spot data put the price near $80,455 at 04:00 UTC, up about 4.5% in the prior 24 hours. Cointelegraph reports more than $220 million in crypto short liquidations over the trailing 24 hours as the price broke higher. Analysts cited by Cointelegraph said the market still needs to hold sustained higher levels to challenge the bear-market thesis.
Cointelegraph (William Suberg)