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Bitcoin surge triggers billions in losses for crypto short traders after Trump win

Bitcoin surge triggers billions in losses for crypto short traders after Trump win

Nov 11 (Reuters) – Short sellers of cryptocurrency and blockchain-related stocks have suffered heavy losses since Nov. 6, after bitcoin surged to record highs, on optimism U.S. President-elect Donald Trump would implement a more favorable regulatory framework.

Crypto short trades looked set for a further hammering on Monday as most cryptocurrency-related stocks jumped in U.S. premarket…

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