In brief Bitcoin climbed above $72,000 Thursday after gaining nearly 15% since Monday. Analysts pointed to Treasury bond purchases, policy headlines, and a massive short squeeze as drivers of the rally. With much of the short squeeze exhausted, analysts are watching spot demand, technical levels, and Treasury yields. Bitcoin’s rally above $72,000 wiped out billions of dollars in bearish bets, but analysts say it will need fresh buyers to keep climbing.Bitcoin reached its highest price since June on Thursday after gaining nearly 15% since Monday, with more than $3 billion in crypto short positions liquidated. That’s the largest liquidation of…

In brief Bitcoin hit an intraday high of $72,408 Thursday before easing to $71,423, up 3.07% on the day This is the highest level since a flash crash sent the coin below $68,000 on June 2. Bitcoin’s short sellers are having their worst two days on record: more than $3 billion in short positions were liquidated across crypto in the past 24 hours alone, taking out over 190,000 traders. Bitcoin broke back above $72,000 Thursday, touching an intraday high of $72,408 before easing to trade near $71,423, up 3.07% on the day.That’s the highest Bitcoin has traded since June 2,…

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