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Crypto Surges Amid Fed Uncertainty | Business and Finance News
Description
Crypto surged Thursday as Bitcoin, Ethereum, and XRP all hit weekly highs, fueled by a wave of liquidations—mostly short sellers getting crushed. Ethereum and Solana led the charge, up nearly 5%, with Solana rocketing 22% in the past week. Total liquidations hit $602 million, with Ethereum surpassing Bitcoin in volume. The Fed’s uncertainty—Kevin Warsh hinting at no rate hikes later this year—added to the momentum, while a weaker-than-expected jobs report further boosted sentiment, lifting crypto stocks like MicroStrategy and Coinbase.
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