BTC Hits $65,000 as $56M Short Squeeze Punishes Bearish Traders

NewsTue, 18 Aug 2026 19:55:06 UTC2 hours ago
BTC Hits $65,000 as $56M Short Squeeze Punishes Bearish Traders
Bitcoin briefly reached $65,000 on Tuesday morning, gaining 0.5% daily and over 2% weekly to push its market cap near $1.3 trillion. Bitcoin Rebounds Bitcoin briefly tapped $65,000 on Tuesday even as geopolitical tensions in the Middle East entered a critical phase following the expiration of the 60-day memorandum of understanding between the U.S. and [โ€ฆ]
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