Bitcoin Surges Toward $70K as $1.14 Billion in Crypto Shorts Get Rekt in an Hour

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August 19, 2026 · 4:10 PM

Bitcoin Surges Toward $70K as $1.14 Billion in Crypto Shorts Get Rekt in an Hour

A White House sitdown with crypto's biggest names and softer Fed signals lit the fuse. But the charts show why the pain for bears might not be over yet.

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