Bitcoin (BTC) has broken through the $75,000 line, a high the cryptocurrency market has not seen in over three months.
According to The Block's bitcoin price page, the world's largest cryptocurrency is up more than 8.9% over the past 24 hours, currently trading at $75,560.
The main driver behind this rally is clear: the U.S.
This was coupled with a few more positive catalysts, including the SEC's latest crypto proposal and a White House meeting with President Donald Trump and prominent crypto executives.
This led to a surprise rally that liquidated over $2.75 billion in bitcoin shorts on Wednesday.
