The crypto market is seeing a strong rally right now.Bitcoin has broken out of its six-week range and climbed above $71,000–$72,000 (hitting a high near $72,500). It’s up roughly 11–12% in the last 24 hours and about 15% since Monday.
coindesk.com
Ethereum is performing even better, surging around 18–19% to the $2,280–$2,290 range (with a high near $2,300). Most major altcoins (like XRP and Solana) are also posting solid double-digit gains.
coindesk.com
Biggest drivers of the rally:
Over $3 billion in short positions were liquidated — the largest wave since at least 2021. Forced buying by short sellers pushed prices higher.
coindesk.com$AAPLB