BTC breaks through the $74,000 mark

On November 11, the Nasdaq 100 index rose 2.1%, hitting an intraday high.

Trader @AguilaTrades' $19.91 million short position in BTC held on Hyperliquid was liquidated after hitting the liquidation line, resulting in a loss of $50,900. The account has accumulated losses of $39.09 million on Hyperliquid.

Coreweave shares rose 21% to a two-week high.

Investor James Lavish predicts that the price of BTC could reach $400,000 to $500,000 by mid-2029, with a conservative target of $200,000 to $300,000. James Lavish believes Bitcoin has bottomed out and that increased institutional adoption will be a positive factor.

Hyperscale Data sold its remaining 211.56 bitcoins for approximately $76,000 each, raising a total of approximately $16 million to fund the construction of its AI center in Michigan. The company has sold approximately 1,113 bitcoins since July and continues its mining operations in Montana.