Bitcoin surges over 25% as shorts get squeezed and Washington leans into crypto
Bitcoin surges over 25% as shorts get squeezed and Washington leans into crypto
The comment sent HYPE, Hyperliquid's native token, surging 25% within 24 hours.
As it stands, HYPE is trading at around $74, up more than 30% since Trump's remarks.
The decentralized exchange, popular with perpetual futures traders, has become something of a proxy for how far Washington's warmer stance on crypto could extend.
This article has been published in euronews.com via Yahoo News.
Bitcoin surges over 25% as shorts get squeezed and Washington leans into crypto
Bitcoin has stormed back from a months-long downtrend, tearing through $79,500 on Friday as a wave of short covering collided with a US Treasury liquidity push and a fresh White House embrace of the crypto industry.View on euronews
finance.yahoo.com
