UPDATED WED 04 NOV · 20:16 UTCLIVE
MarketsMedium

Bitcoin rebounds above $80K after Binance-hack selloff

BTC recovered above $80K with $215M in short liquidations in an hour as crypto rallied on the election. Riot sold most of its BTC to fund an AI data-center lease.

What we know

The Block reports the recovery; Ki Young Ju notes the squeeze. Riot sold 10,599 BTC. ETH leverage and vol diverge. Binance still hasn't enabled HYPE withdrawals.

Sources

@TheBlockCo

“Bitcoin climbed back above $80,000 on Wednesday”

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By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.