BTC Hit 3-Month High, ETH Topped $2.4K, XRP Soared 40% in 48 Hours: Weekly Crypto Recap
🚀 Bitcoin experienced a dramatic surge, skyrocketing from $62,500 to nearly $80,000 in just 48 hours, marking a 23.6% weekly gain and liquidating over $1 billion in shorts.
📈 Other cryptocurrencies also saw significant gains, with Ethereum rising 30% to $2.4K and XRP surging 40% to $1.40, contributing to a total market cap increase of over $400 billion since Wednesday.
💼 The rally was partly fueled by the US Treasury's announcement to double liquidity-support buybacks for long-dated government debt, prompting renewed optimism in the crypto market.
🚀 Bitcoin experienced a dramatic surge, skyrocketing from $62,500 to nearly $80,000 in just 48 hours, marking a 23.6% weekly gain and liquidating over $1 billion in shorts.
📈 Other cryptocurrencies also saw significant gains, with Ethereum rising 30% to $2.4K and XRP surging 40% to $1.40, contributing to a total market cap increase of over $400 billion since Wednesday.
💼 The rally was partly fueled by the US Treasury's announcement to double liquidity-support buybacks for long-dated government debt, prompting renewed optimism in the crypto market.