Bitcoin rebounds as Fed uncertainty fades

Bitcoin rose 5.88% to trade above $80,800 after the Federal Reserve signaled only limited additional tightening. The move sparked a broad crypto short squeeze, with over $445 million in short positions liquidated across the market and Bitcoin making up more than half of that total.
AI Analysis
Bitcoin posted a sharp price jump above $80,800, and more than $445 million in shorts were liquidated across the market, with Bitcoin accounting for over half. The move was tied to the Fed signal and strong bullish momentum, making it highly relevant for short-term trading.