Markets Bitcoin Surges Toward $70K as $1.14 Billion in Crypto Shorts Get Rekt in an Hour By Coin Gazette Editorial August 19, 2026 1 Min Read Comments Off on Bitcoin Surges Toward $70K as $1.14 Billion in Crypto Shorts Get Rekt in an Hour A White House sitdown with crypto’s biggest names and softer Fed signals lit the fuse. But the charts show why the pain for bears might not be over yet.