Bitcoin Nears $62,000 as Short Squeeze Wipes $281M; Ether and Solana Rally

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Bitcoin climbed to its highest level in two weeks, approaching $62,000, driven largely by a short squeeze in the crypto market. Bearish traders bore the brunt of the move, suffering $281 million in liquidations over 24 hours — nearly double the losses recorded by long positions. Ether posted gains of nearly 10% over the week, while Solana surged close to 19% in the same period. A recovery in technology stocks also helped ease broader market pressure stemming from concerns around the AI trade.

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