Bitcoin, Ether, Dogecoin Surge Spurs $500M in Short Liquidations

Futures bets against higher crypto prices lost over $500 million in the past 24 hours as a surge higher, buoyed by a possible cooldown of China tariffs by the U.S., led to the largest short liquidations since October.Bitcoin (BTC) rose from Tuesday’s low of $88,000 to above $93,500 in Asian morning hours, data shows, leading a jump in the broader market with ether (ETH), Cardano’s ADA and dogecoin (DOGE) up 14% source: https://www.coindesk.com/markets/2025/04/23/bitcoin-ether-dogecoin-surge-spurs-usd500m-in-short-liquidations