Bitcoin logo with a chart ftom Coinmarketcap showing Bitcoin rise above $47k before selling pressure brought the price down to above $45k

 Bitcoin Surges Above $47,000 for the First Time in Months Amid Market Liquidation

Bitcoin rose above $47,000 in the early hours of Tuesday, the highest level since late December, as the cryptocurrency market witnessed a massive liquidation of both long and short positions. Bitcoin gained 7.32% in the last 24 hours, while more than $283 million worth of trades were liquidated across major exchanges.

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