Bitcoin's value shot up recently, causing a lot of trouble for those who bet against it. These short sellers lost a huge amount of money, nearly $700 million in just one day. Bitcoin reached $96, 867, its highest point since mid-November. It's up by about 5% in the last day and week, but still down from its peak in early October.

Other big cryptocurrencies also saw gains. Ethereum went up by almost 7%, XRP by nearly 5%, and Solana by about 4%. Short sellers had a tough time, with Bitcoin leading the losses at $382 million, followed by Ethereum at $231 million, and Solana at $33 million.

The rise in crypto prices comes as the U. S. works on a new bill called the Clarity Act. This bill aims to structure the crypto market better. Additionally, the recent inflation report showed that inflation in the U. S. is steadying. This good news boosted Bitcoin ETFs, which saw their best day of investments since October, with $754 million flowing in. Even gold and silver prices have been rising this week.


    # Bitcoin's Surge Causes Massive Losses for Short Sellers

    **Bitcoin's Value Skyrockets**
    - Bitcoin's value shot up recently, causing significant trouble for short sellers.
    - Short sellers lost nearly **$700 million in just one day**.
    - Bitcoin reached **$96,867**, its highest point since mid-November.
    - Up by about **5%** in the last day and week, but still down from its peak in early October.

    **Other Cryptocurrencies See Gains**
    - **Ethereum**: Up by almost **7%**
    - **XRP**: Up by nearly **5%**
    - **Solana**: Up by about **4%**

    **Short Sellers' Losses**
    - **Bitcoin**: Leading losses at **$382 million**
    - **Ethereum**: **$231 million**
    - **Solana**: **$33 million**

    **Market Factors**
    - The rise in crypto prices coincides with the U.S. working on the **Clarity Act**, aiming to structure the crypto market better.
    - Recent inflation report shows U.S. inflation is steadying.
    - Bitcoin ETFs saw their best day of investments since October, with **$754 million** flowing in.
    - Gold and silver prices have also been rising this week.

    

Bitcoin's Big Jump: Short Sellers Lose Big!

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