BTC gains 15% in 3 hours amid tight squeeze

Cointelegraph

Published Jul 25, 2021 11:30PM ET

Updated Jul 26, 2021 01:20AM ET

The price of Bitcoin has surged more than 10% over just a few hours earlier today, with prices quickly surging from roughly $35,000 to tag just shy of $40,000 on July 26.

Price action shows a violent short squeeze that occurred as prices broke above $35,000, with bullish momentum suddenly accelerating as prices quickly rallied 15% from roughly $34,000 to $39,800 over the course of fewer than three hours.

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