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US sanctions Indian and Turkish firms and individuals over alleged support for IranHouthis claim ballistic missile hit Riyadh airport and warn airlines away from Saudi airspaceBitcoin surges past $80,000 as a short squeeze wipes out hundreds of millions in bearish betsEU to invest €525 million in chip startups in bid to close the gap with the US and ChinaPolice use tear gas and batons on protesting Sindh teachers marching towards Karachi’s CM House; detained teachers later releasedFenerbahce end Liverpool perfect Champions League start as Valverde late strike keeps Real Madrid unbeaten

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A physical Bitcoin token (file image)

Photo: A physical Bitcoin token (file image)

Crypto & Markets

Bitcoin surges past $80,000 as a short squeeze wipes out hundreds of millions in bearish bets

Bitcoin climbed back above $80,000 on 4 November, briefly passing $81,100, as forced closures of short positions accelerated the rally after an earlier dip below $76,000.

Crypto & Markets · 5 Nov 2026, 2:30 am