Bitcoin Surpasses $80,000, Reaching New All-Time High Before Pullback

Bitcoin (BTC) surged past $80,000 after Monday's Wall Street open, hitting a record high of $83.27 for the first time since mid-May. The bullish momentum led to over $220 million in crypto short liquidations within 24 hours. Despite a slight pullback after the European close, Bitcoin is up 25% month-to-date, marking its best August performance since 2017.