Bitcoin, Ethereum, XRP Surge as $400 Million in Shorts Get Liquidated
benzinga_article·
- Major cryptocurrencies including Bitcoin, Ethereum, and XRP surged as over $400 million in leveraged shorts were liquidated within 4 hours.
- The rally was driven by $593 million in U.S. spot Bitcoin ETF inflows and declining oil prices amid easing geopolitical tensions.
- Crypto-linked stocks also rallied significantly alongside the token market increases.
