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Blockonomi
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Why Is Crypto Up Today? Bitcoin Smashes $71k, Altcoins Follow, ETF Demand is High
- Bitcoin surged above $71,000, marking a 5.4% gain and approaching its all-time high
- Over $175 million in short positions were liquidated during the rally
- Bitcoin ETFs saw record October inflows exceeding $3 billion, with BlackRock’s IBIT leading
- Altcoins and meme coins joined the rally, with DOGE and SHIB gaining over 10%
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