Bulls and Bears Get Caught off Guard as Bitcoin Jumps to $106K, Then Falls Back to $103K

Why did US credit rating get downgraded? How will Trump's tariffs impact Walmart prices? Who is leading JPMorgan's CEO succession race? What caused Nvidia's recent stock drop? Why is Xiaomi investing billions in chip design? How is Biden's cancer diagnosis affecting markets? What are the effects of US-China tariff truce? Why is Qatar Airways posting record profits? How will Moody’s downgrade affect Treasury yields?

Bulls and Bears Get Caught off Guard as Bitcoin Jumps to $106K, Then Falls Back to $103K

coindesk.com/markets/2025/05/19/bulls-and-bears-get-caught-off-guard-as-bitcoin-jumps-to-usd106k-then-falls-back-to-usd103k

Over $600 million in crypto derivatives positions have been liquidated since late Sunday as bitcoin (BTC) staged a sharp rally past $106,000 in the wee hours, only to reverse course and dump back to near $103,000, catching both bulls and bears off guard.
The move began around 21:00 UTC…

This story appeared on coindesk.com, 2025-05-19 08:16:34.