Crypto’s Back In last 24hrs: Bitcoin Pops 7%, Solana Rockets 14.5% as Shorts Get Crushed
The crypto market is heating up again. Bitcoin’s up 7% to $91K, and Solana is flying with a 14.5% jump to $145. Over $347 million in short positions just got liquidated—ouch.
Solana’s pump is especially wild considering 11 million SOL (worth $1.6B) just got released from the FTX estate. Normally that’d tank the price, but the market shrugged it off. Some say Solana was oversold, and with upgrades like Firedancer on the way, people are piling back in.
Meme coins are having a moment too—Fartcoin (yes, really) surged 21% and hit a $1.08B market cap, beating out Bonk and closing in on TRUMP.
Bitcoin’s proving its “safe haven” status again, with big investors and ETFs keeping it steady. It even hit $93.4K this week, its highest since early March.
Other coins are joining the rally—Ethereum’s up 8%, Dogecoin 9%, and XRP 3%. With markets calming down and hopes rising for less tension between the U.S. and China, the vibe’s finally turning bullish.
