\n\t\t\t\t\t\t\t\t\tIt took a few attempts, but BTC finally did it earlier this morning.\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
Bitcoin\u2019s price revival that began last Wednesday culminated, at least for now, a few hours ago when the asset soared past $80,000 for the first time since mid-May and tapped a multi-month peak above $81,000.<\/p>\n
Analysts were quick to pick up the move and outline<\/a> the next short-term targets of up to $88,000. BTC\u2019s surge also led to an increase in liquidated short positions as the total value exceeded $260 million in the past 4 hours.<\/p>\n On a daily scale, the liquidations are up to $650 million, with the lion\u2019s share coming from shorts again. Bitcoin is responsible for half of that amount, according to data from CoinGlass.<\/p>\n Thus, the primary cryptocurrency gained over $16,000 from its starting point of under $65,000 last Wednesday to just over $81,000 earlier today.<\/p>\n Some of the reasons behind this major resurgence include the US Treasury Department\u2019s announcement from last week, the Crypto Summit in the White House, renewed<\/a> ETF appetite, and Jim Cramer. Oh, wait, the last one might be a joke<\/a>.<\/p>\n Some altcoins have followed BTC on the way up today, including ETH, which has neared $2,500 once again. Although the asset has soared by 32% in the past week, the $2,500 barrier appears too strong at the moment. XRP, on the other hand, fights for the $1.50 resistance.<\/p>\n SOL has surged the most from the larger-cap alts today, pumping by over 7.5%. It now trades above $100 for the first time in months as well.<\/p>\nYou may also like:<\/h3>\n