BTC jumps 3.4% to $71.7K, marking a 13% weekly gain amid liquidations and renewed investor interest.
Bitcoin climbed above $71,000 on Thursday, reaching $71.7K as a surge in short liquidations fueled its advance. The cryptocurrency rose 3.4% in early trading, extending a 13% gain over the past seven days.
The rally follows a broader rebound in digital assets, with prior resistance levels near $68,000 broken earlier this week. Analysts noted the move coincided with increased trading volumes and reduced volatility in traditional markets.
No immediate market reaction data was provided, but the breakout suggests growing momentum for risk assets.