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Bitcoin rebounds as bulls eye $100K and bears scramble to cover short positions

Coin Telegraph LogoCoin Telegraph11h ago

Bitcoin rebounds as bulls eye $100K and bears scramble to cover short positions - Coin Telegraph

Quick Summary:

Bitcoin shines as dollar weakens and S&P 500 targets are slashedBitcoin’s 10% rally between April 20 and April 24 coincided with a more conciliatory stance from US President Donald Trump regarding import tariffs and his criticism of Federal Reserve Chair Jerome Powell, who has faced scrutiny for maintaining high interest rates.

The sharp move above $90,000 caught Bitcoin bears off guard, resulting in over $390 million in leveraged short (sell) futures liquidations between April 21 and April 22.

This potential short squeeze may prove especially challenging for bears, given the robust inflows into spot Bitcoin exchange-traded funds (ETFs), which totaled over $2.2 billion between April 21 and April 23.

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Article Details

Author / Journalist: Cointelegraph by Marcel Pechman

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-24 @ 18:04:25 (11 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 598 words

Reading Time: 4 minutes read

Sentences: 25 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 28197361

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About Coin Telegraph

Coin Telegraph Logo

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 35 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #11

Publisher Details

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The story "Bitcoin rebounds as bulls eye $100K and bears scramble to cover short positions" was covered 11 hours ago by Coin Telegraph, a news publisher based in United States.

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The outlet is headquartered in United States and publishes an average of 35 news stories per day.

It's most recent story was published 8 hours ago.

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  • URL: https://beamstart.com/news/bitcoin-rebounds-as-bulls-eye-17455144488570

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