$BONK has had the highest short liquidations in the past hourkeep shorting, okay! https://t.co/WUfSdkxxgDUnipcs (aka 'Bonk Guy') 🎒 (@theunipcs):same goes for the $BONK shorters btwbut anyone still shorting BONK at this pointdespite all that has been happening with BonkFun latelyprobably can't be saved anyway 🤷‍♂️ ...

Tana, good to have you here. I mean, I guess Bitcoin doesn't always need a specific driver to make new highs, but what's behind this move. I mean, I really think it got a boost from the tech rally that we saw on Wednesday.I think that pushed it to that $110,000 level that's been so difficult for it to push past this year. That of course triggered this huge wave of, you know, short liquidations that just kind of sent the price higher and higher um for the rest of the week. And then of course yesterday uh the ...

Bitcoin is hitting a new record this morning. It could be the start of a longer bull run. CNBC's Tana Mackil is looking into that and joins us now.Hi Tana. Hi Contessa. Yeah, just flying through those records.Investors did expect this in the second half given the institutional demand and regulatory tailwinds we've seen in my conversations. It's hard for many to identify downside risk. And historically July and the fourth quarter are very strong periods for Bitcoin.So this started after the Fed minutes Wedne ...

Market Trends & Dynamics - Bitcoin is hitting new records while the dollar is moving higher, a deviation from the typical inverse relationship [1] - The current Bitcoin rally appears to have more staying power compared to the blip in May 2022 [2] - A tech stock rally pushed Bitcoin to a ceiling around $110,000, triggering significant short liquidations [3] Cryptocurrency Performance - Over $600 million in Bitcoin short liquidations and over $200 million in Ether short liquidations occurred in the past 24 hours [3] - The biggest buying day of the year in both Bitcoin and Ethereum ETFs was observed [4] - Ethereum has been outperforming Bitcoin in recent months, experiencing a resurgence [6] Ethereum's Use Cases & Potential - Ethereum's rally is potentially a reflection of its practical use cases, as it allows for building applications on top of it [5] - Major brands like Amazon, Walmart, Uber, and Airbnb are showing interest in the stablecoin game, with Ethereum serving as the backbone for stablecoins and tokenization of stocks [8]