Bitcoin price crosses $20K as daily crypto short liquidations pass $400M

BTC price action sees its highest levels since the start of October on the back of a broader risk-asset rally.

Bitcoin spiked above $20,000 on Oct. 25 as risk assets benefited from new U.S. dollar weakness.

Bitcoin taps three-week highs

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting highs of $20,191 on Bitstamp.

The move came in tandem with rising United States equities, these in turn buoyed by a declining U.S. dollar, which lost traction against major trading partner currencies on the day.

With that, Bitcoin saw its first trip above the $20,000 mark since Oct. 7.

Source : Bitcoin price crosses $20K as daily crypto short liquidations pass $400M

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