Based on Bijié Wǎng, Bitcoin staged a dramatic V-shaped rebound, surging to an intraday high of $91,107 after a sharp drop earlier in the week. The recovery was driven by a series of positive developments, including Vanguard's launch of a cryptocurrency ETF and U.S. Bank's private wealth management division announcing plans to allow investors to allocate 1% to 4% in Bitcoin starting January next year. These moves liquidated approximately $221 million in short positions within four hours.
Bitcoin Stages Dramatic V-Shaped Recovery, Surges to $91,107
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