<ul data-eligibleForWebStory="true"><li>Bitcoin's price has surged above $108,000 despite a 20% drop in 24-hour trading volume, indicating strong spot momentum driving the rally.</li><li>Market-wide liquidations totaling $19.09 million over the past 24 hours primarily impacted short positions, shedding light on increasing pressure on bears as prices climb.</li><li>The total crypto market cap rose to $3.32 trillion with Ethereum mirroring Bitcoin's rise, gaining 8.7% over the past week to $2,460.</li><li>With short liquidations on the rise and major assets performing well amid lighter trading volumes, the broader crypto market seems to be in a risk-on mode, as per report from Coindoo.</li></ul>

Bitcoin’s Price Surges Back Above $108,000 as Shorts Take a Hit

Discover more