XRP
XRP advances 10% amid broader crypto market strength
Bitcoin climbed above $71,000 on Thursday amid easing financial conditions, supportive regulatory signals from Washington and a substantial unwinding of short positions.
The market rally reflected a combination of macroeconomic and crypto-specific factors. Looser financial conditions provided a broader tailwind for risk assets, while indications of a more accommodative policy stance from Washington boosted sentiment around digital assets. Contributing to the sharp moves was a significant short squeeze, as traders holding bearish bets were forced to cover positions at higher prices.
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