Bitcoin Continues to Rise, Cryptocurrency-Related Stocks Also Soar

Bitcoin (BTC) continued its upward trend on the 21st, extending its gains from the previous day, and reached as high as $74,684 at the time of writing. On the 20th, it had briefly surpassed $71,600, marking its highest level in approximately three months since May 31, and has continued to build on its gains for two consecutive days. On the 20th, approximately $3 billion worth of leveraged positions were liquidated, of which about $3 billion were short positions, which likely contributed to the rally.