📊 Bitcoin and Ether Trigger a Short Squeeze — Weekly Recap
Last week, the crypto market posted its strongest growth in several months. The rally was driven by the convergence of three factors: intervention by the U.S. Department of the Treasury, regulatory changes, and a massive short squeeze that wiped out bearish positions in $BTC and $ETH .
Meanwhile, banks and tech companies continue to deepen their involvement in stablecoins. Elon Musk's X (formerly Twitter) is exploring paying creators in stablecoins.
#ETH | #BTC | #Bitcoin | #Ethereum
Last week, the crypto market posted its strongest growth in several months. The rally was driven by the convergence of three factors: intervention by the U.S. Department of the Treasury, regulatory changes, and a massive short squeeze that wiped out bearish positions in $BTC and $ETH .
Meanwhile, banks and tech companies continue to deepen their involvement in stablecoins. Elon Musk's X (formerly Twitter) is exploring paying creators in stablecoins.
#ETH | #BTC | #Bitcoin | #Ethereum