$1B in Crypto Shorts Wiped Out as Bitcoin Pumps
Bitcoin surged to new highs, triggering billions of dollars in short position liquidations. Analysts attribute the rise to increased institutional demand and crypto-friendly policies.
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Bitcoin Squeezes Shorts to $108K as US Jobs See Biggest Drop in 2 Years
Bitcoin surged to $108,000 as US jobs data showed a significant drop, leading to a short squeeze. Labor market weakness increases the odds of Federal Reserve interest-rate cuts, boosting risk assets.