Crypto news update, June 10: Bitcoin brushes $110k catching traders off-guard before moving to $1,09,449

Bitcoin price today, June 10: The world’s largest cryptocurrency, Bitcoin, briefly rose 1.38 per cent to $110,277.93 on June 10, while Ether jumped 4.8 per cent to $2,713.39, before slipping sightly on profit-booking.

CoinSwitch Markets Desk noted that the hike caught traders off guard. “Over $110 million in short positions were liquidated within an hour, with a total of $330 million in shorts wiped out over the course of the day,” they noted.