Bitcoin Price Above $75,000: 3 Reasons Why BTC Is Exploding

Bitcoin is trading at $75,161 at the time of writing, up 2.95% on the day after opening at $73,000 and printing a session high of $75,727. That is the first time BTC has traded above $75,000 since late May, and it caps a four-day run that has added close to 20% in a single week.
This is no longer a relief bounce inside a downtrend. It is a structural break, and the debate has shifted from whether Bitcoin can reclaim $70,000 to whether it can hold what it just took.
Why is the Bitcoin price above $75,000 right now?
$Bitcoin is above $75,000 because a bond market liquidity shift, the largest short liquidation event on record and a sharp improvement in US regulatory expectations all landed inside the same 72-hour window.
The sequence matters. The trigger came from the US Treasury rather than from crypto. Once yields fell and the dollar softened, Bitcoin broke out of the $61,500 to $66,900 range that had held since June. That break forced an enormous unwind of short positions, which carried price through $70,000, then $72,000, and now $75,000 in three consecutive sessions.
… Continue reading the full article at the original source below.


