Bitcoin Rebounds Above $71,000 After Falling to $60,000 in Under 24 Hours

Bitcoin's price climbed back above $71,000 less than a day after dropping to $60,000, recovering over $10,000 from its recent multi-year low. XRP jumped about 19% to above $1.50 and ETH moved back over $2,000, while more than $350 million in short positions were liquidated in the last 12 hours and daily liquidations still exceed $2 billion.