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Crypto

XRP Surges Amidst Bitcoin Rebound, with Cloud Mining Gains Becoming an Attractive Alternative

Guavy AI Editorial Team
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BTC XRP
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The price of XRP surged by 10.17% to reach $1.10, while Bitcoin (BTC) rebounded sharply to hit a high of $72,281.12.

This rapid market reversal triggered a massive wave of short position liquidations, with over $1 billion in Bitcoin short positions being forcibly liquidated within an hour.

According to CoinGlass data, this marked one of the largest Bitcoin short liquidation events since 2021.

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