Crypto Shorts Get Rekt as Bitcoin, Ethereum and XRP Rise to Weekly High Prices
Decrypt·
60-second summary
Bitcoin is surging to a weekly high, topping $62,000, after hitting a 21-month-low earlier this week, while Ethereum and XRP also experience significant gains. This rebound is a welcome relief for crypto investors, as the market had been plagued by recent downturns. The sudden reversal has crypto shorts getting "rekt" and is a positive sign for the overall market.
Bitcoin continued rising after hitting a 21-month-low earlier this week, topping $62,000 and leading a broader crypto market rebound.