Bitcoin Price Gains 25% in August as Short Squeeze Fuels Rally

The post Bitcoin Price Gains 25% in August as Short Squeeze Fuels Rally appeared first on Coinpedia Fintech News

Bitcoin rose 25.1% in August, climbing from $62,794 to $78,545 and recording its third-best August performance. The rally was fueled partly by a major short squeeze, with $5.8 billion in liquidations from August 17-21. August 19 saw a record $2.7 billion in short liquidations, while total monthly liquidations reached $12.65 billion. Bitcoin also closed July …