Bitcoin hits $80K as short liquidations surge past $220M

By Michael FawnBitcoin briefly surged past the $80,000 mark on Monday, August 24, 2026, after the Wall Street open, triggering a cascade of more than $220 million in crypto short liquidations across the derivatives market. This significant price movement ended a roughly 100-day hiatus, marking the first time the digital asset reached this psychological level since mid-May.The sudden upward momentum caught many traders with short positions off guard, forcing them to cover substantial bets against