Bitcoin Breakout Squeezes XDC Price Higher

The price of XDC surged by 3.41% over the last 10 hours due to a broad market squeeze and Bitcoin's breakout.

The strongest catalyst for this move was a sharp short squeeze led by Bitcoin, which briefly traded above $84,000 on September 21, causing around $262 million in short liquidations in just one hour and nearly $600 million in 24 hours across the market.

This dynamic forced shorts to buy back into a thin order book as prices spiked higher, pulling liquidity into major altcoins first and then into secondary names like XDC.

XDC appears to have traded as part of an 'altcoin basket' rather than on its own story, moving in tandem with peers such as XRP, HBAR, and others.