Bitcoin briefly surpassed the $65,000 level on August 19, pushing its market capitalization near $1.3 trillion and triggering $56 million in short-position liquidations. The cryptocurrency broke through the 50-day EMA resistance of $64,650 before pulling back to the $64,000 mark. Despite implied volatility reaching multi-year lows, Bitcoin remains trapped within a price range established since July 8, while the 30-year U.S. Treasury yield touched 5%.
