Bitcoin
Bitcoin and Ether Rally on Short Squeeze as X Announces Stablecoin Creator Payments
Bitcoin and Ether posted sharp gains driven by forced short covering, while Elon Musk's X platform said it will pay creators using stablecoins.
Bitcoin and Ether rallied sharply over the week as short sellers were forced to cover positions, amplifying upward momentum. Alongside the price movement, Elon Musk announced that X will begin paying content creators in stablecoins, marking a new use case for the assets on his social media platform.
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