**Bitcoin Price Soars Past $91,000 as Short Sellers Get Crushed**

Bitcoin made a big move on Tuesday, jumping above $91,000 in one of its strongest daily rallies in months. The surge was triggered by a massive wave of short liquidations — traders betting against Bitcoin were forced to exit their positions, pushing prices even higher.

Over the last 24 hours, more than $157 million worth of Bitcoin short positions were wiped out, according to data from Coinglass. Across the entire crypto market, total liquidations hit $312 million. This sudden price spike and increased volatility drove a surge in trading activity, with daily crypto trading volume doubling to over $92 billion.

**Ethereum and XRP Also See Major Gains**

It wasn’t just Bitcoin seeing green. Ethereum shot up nearly 10%, briefly breaking above $3,000 ahead of its upcoming Fusaka network upgrade. XRP also joined the rally, gaining around 7.3% to trade at $2.14.

**Market Remains Sensitive to Fed Policy**

Even though crypto prices rebounded strongly, analysts are warning that markets remain fragile. Much of Bitcoin’s performance at the end of the year could depend on what happens during the Federal Reserve’s key meeting on December 9–10.

On Monday, the Fed announced the end of its quantitative tightening program and injected $13.5 billion into the financial system through overnight repos. While the Fed called this a routine move to manage short-term liquidity, some investors took it as a signal of possible easing in monetary policy — which tends to support risk assets like crypto.

**Bitcoin Hits Weekly Highs as Institutional Interest Grows**

By Tuesday afternoon, Bitcoin was trading around $91,089 — up 8% in just 24 hours. That’s a sharp rebound from last week’s low of $83,989 and puts it at a new 7-day high. Bitcoin’s market cap climbed to $1.79 trillion, boosted by increased institutional buying and fresh money flowing into the market.

Big players on Wall Street are starting to embrace regulated crypto investment products. Bank of America is making a major shift by allowing its 15,000 financial advisors to recommend crypto allocations of 1% to 4%. Starting January 5, the bank will offer formal coverage of several Bitcoin ETFs, including Bitwise BITB, Fidelity FBTC, Grayscale Bitcoin Mini Trust, and BlackRock IBIT.

This is a notable change — previously, advisors weren’t even allowed to bring up Bitcoin unless clients asked about it first. Chris Hyzy, Chief Investment Officer at Bank of America Private Bank, described the move as a careful step toward treating crypto as part of a broader innovation investment strategy — but only through regulated products.

**Vanguard Opens the Door to Crypto Investing**

Another major move came from Vanguard, one of the world’s largest asset managers. Starting today, Vanguard will allow its 50 million brokerage customers to buy Bitcoin ETFs and crypto-linked mutual funds for the first time. This expands access to crypto investments for millions of traditional investors.

**Why Did Bitcoin Jump Above $91,000?**

The rally was mainly driven by short sellers getting liquidated — in simple terms, people betting against Bitcoin were forced to buy back in as prices rose quickly. This buying pressure pushed prices even higher.

**How Much Was Liquidated?**

In just 24 hours, over $157 million in Bitcoin short positions were closed out. When combined with other cryptocurrencies, total liquidations topped $312 million.

**Key Takeaways:**
– Bitcoin surged past $91K after $157M in shorts were liquidated
– Trading volume spiked to over $92B across the crypto market
– Ethereum and XRP also saw strong gains
– Institutional support is growing, with Bank of America and Vanguard expanding crypto access
– Market still sensitive to Federal Reserve decisions and liquidity conditions

This latest rally shows how fast the crypto market can move — especially when big investors and institutions start jumping in.