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In a sudden move, the pioneer cryptocurrency price surged back above $60,000 on April 10 for the first time since mid-March. Bitcoin went on to rampage past $61,000 before retreating to approximately $60,607.99 at the time of publication.
The world's second-biggest cryptocurrency, ethereum, also surged to a fresh all-time high near $2,200.
Bitcoin's upsurge was accompanied by a stream of liquidations. According to crypto strategist Lex Moskovski, $163,745,606 BTC shorts were liquidated in the span of an hour. "While Bitcoin is grinding up to another ATH. Being a bear is expensive," he summarized.
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