Bitcoin’s Price Blasts Higher With $81M in Shorts Burned—Fed Cut Bets Hold Firm
Bitcoin is cruising at $108,610, seeing an increase of over 2% in the past 24 hours; meanwhile, the whole digital currency market value rests at $3.38 trillion. This price climb occurs a single week before the Federal Open Market Committee (FOMC) gathering, which is slated for June 18. Bitcoin Defies Credit Downgrade—Expert Says Confidence Is Building On Monday, June 9, 2025, bitcoin (BTC) is floating above the $108,000 mark, which has led to $155.57 million in short liquidations over the past day, with $81 million being BTC short plays. James Toledano, the chief operating officer at Unity Wallet, shared with our news desk that “Bitcoin’s rebound from $100K on June 5 speaks to its resilience. This robustness is being powered by sustained institutional inflows into spot ETFs and easing concerns around U.S. regulations.”.
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