Bitcoin Leads Crypto Market Rebound Above $85K Amid Short Squeeze
Crypto markets surged on Friday, pushing total market capitalization to $3.042 trillion. Bitcoin reclaimed the $85,000 level, gaining about 2%, supported by easing Treasury yields and a short squeeze. Ethereum remained steady above $2,700. Investors are now focused on upcoming US jobs data for insights on Treasury yields, the dollar, and the future direction of cryptocurrencies.
ET Markets·




