Bitcoin Blasts Past $116K as 'Uptober' Propels Crypto Market Cap to $4T

'Uptober' is off to a good start. Bitcoin surged past $116,000 Wednesday morning, erasing most of its losses from the past two weeks and propelling the total market capitalization of all cryptocurrencies to $4.09 trillion. At time of publication, Bitcoin is trading at $116,441, up 3.1% on the day, per CoinGecko data. The bullish momentum ignited a cascade of liquidations, wiping out roughly $60 million in short positions during the London session, according to Coinalyze data. The rally has also boosted B ...