Bitcoin is closing in on $80,000 and already destroyed a record $4 billion in short bets

Bitcoin surged toward $80,000 on Friday, extending a three-day rally that has liquidated more than $4 billion in bearish bets and pushed the cryptocurrency to a three-month high. Data from CryptoSlate shows Bitcoin climbed as high as $78,449, gaining more than 10% over the past 24 hours before easing to $77,873 as of press time. [ ]