BTC USD price rebounded over 7% to touch an intraday high of $69,487 on Thursday, driven by a cascade of short liquidations and renewed risk-on sentiment following Nvidia Corp.’s blockbuster earnings report. The strong reversal comes just 48 hours after BTC dipped below $63,000, creating a volatile environment that has wiped out over half a billion dollars in leveraged positions.
The swift recovery to the $68,000 level signals a potential shift in market structure, as the leading cryptocurr