Bitcoin price soars above $66K as crypto market momentum ramps up

Bitcoin price surged to a new 1-month high near $67,000 as a variety of bullish factors converged to push cryptocurrencies higher.

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Bitcoin (BTC) climbed over $3,000 in four hours on July 19 as a fresh wave of volatility pushed the crypto market higher.

Data from Cointelegraph Markets Pro and TradingView showed a nightmare for short traders unfolding at the start of the weekend on July 19, with BTC/USD suddenly rising from $63,303 to $66,506.

At the time of publication, the gains were still mounting after the BTC/USD pair hit an intraday high of $66,773 on Bitstamp.

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