Bitcoin has suddenly exploded over 10% higher, smashing through its 50-day moving average, above $7000 for the first time since early June...

BTC is now testing up towards its 100DMA, ramping over $600 in 30 minutes...

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And breaking its longer-term downtrend too... 

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This is already the biggest volume day for Bitcoin since June.

The rest of the crypto space has gone along for the ride...

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No immediate news catalyst jumps out though we note that gold was tumbling earlier, and tech stocks have been melting up all day - as well as the slow burn realization that if the world's largest asset manager puts even a fraction of a percent to work in crypto, things will get intense fast.

We note that the surge started around 1335ET, and it appears some major shorts liquidated at the same time...

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