Traders Push Bitcoin Near $79,000 Resistance, Wiping $120M in Bearish Positions
Key Takeaways: Bitcoin surged over $2,000 on May 1 to test $79,000 resistance after a 13% gain in April. Bitcoin’s jump triggered $120 million in short liquidations as market cap hit $1.57 trillion. Analysts warn that Federal Reserve policy shifts may trigger volatility in high-value assets. Geopolitical Friction After ending April with gains exceeding 13%,…
