
Bitcoin is closing in on $80,000 and already destroyed a record $4 billion in short bets
Bitcoin’s three-day surge has pushed a major market gauge bullish for the first time since October.
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AI infrastructure leasing supplied nearly all of Ionic Digital's Q2 revenue, while a $28.2 million Bitcoin valuation loss weighed on earnings.

Bitcoin climbed roughly 15% since Monday as a Treasury bond-market intervention helped push yields lower and forced billions of dollars in bearish positions to unwind.

Investors poured $1.3 billion into Bitcoin, Ethereum and Solana funds over three sessions, with more than $1 billion flowing into Bitcoin alone.

The White House can expand how crypto enters federal custody, but a multibillion-dollar buying program still needs lawmakers to unlock funding or purchase authority.

VanEck says Bitcoin may be entering the later stages of its bear market, yet options traders are paying near-record premiums for downside insurance.

The August repayment ended the immediate collateral risk while the company’s going-concern warning and Michigan financing need persisted.



