Share this article

Short Traders Lose $82M as Bitcoin Bounces to $43K

A little over $25 million of the losses came from bitcoin-tracked futures as inflation reassurances by the Fed caused a recovery in prices.

Updated May 11, 2023, 4:46 p.m. Published Jan 12, 2022, 7:01 a.m.
Bitcoin prices spiked after comments from Fed Chair Jerome Powell. (TradingView)
Bitcoin prices spiked after comments from Fed Chair Jerome Powell. (TradingView)