Finance News

Story: Bitcoin Rockets 6% Higher as Short Squeeze Hits $75K Target

By Sakamoto Nashi

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Strategy's Billion-Dollar Day. Strategy's at-the-market program hit a major milestone April 13.

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Institutional Money Floods In. April 13 saw major activity from big players like Grayscale and Coinbase.

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Bitcoin jumped over 5% on April 13, pushing close to $75,000 as traders got caught in a massive short squeeze that's been building for weeks.

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The rally came after days of choppy trading between $68,000 and $75,000, with geopolitical drama adding fuel to the fire. U.S.

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Strategy's at-the-market program hit a major milestone April 13. The company's preferred stock saw over $1 billion in single-day trading volume, smashing past the $100 par value…

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Those numbers dwarf the daily mining supply post-halving, showing just how aggressive institutional buying has become. Between April 6 and April 12, Strategy reported $1.

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Strategy now holds approximately 780,897 BTC at a total cost of about $59 billion. The company's generated over $3.

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April 13 saw major activity from big players like Grayscale and Coinbase. Grayscale's Bitcoin Trust experienced a trading volume spike as large-scale investors rushed to…

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The Chicago Mercantile Exchange recorded a marked rise in Bitcoin futures trading, with open interest contracts climbing as traders positioned for more volatility ahead.

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Bitcoin's network fundamentals remain rock solid. The hash rate hovers near all-time highs, showing miners aren't backing down despite market chaos.

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MicroStrategy, led by CEO Michael Saylor, announced plans to increase Bitcoin reserves following the latest surge.

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Glassnode reported an uptick in Bitcoin wallet activity, with active addresses jumping on April 13. More participants are entering the network, eager to catch potential gains.

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