Bitcoin surges on $650 million short squeeze, passing $76,000 as US inflation numbers fuels risk asset rally
Bitcoin triggers a historic short squeeze after PPI misses by 0.7 points, but the Fed signal spooked pros.

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The Fed's path to rate cuts just got harder, and for Bitcoin bulls banking on cheaper money, that changes everything.
Redemption pressure is forcing gates across major private credit funds, tightening liquidity and exposing structural fragility in a $1.7T market.
A weekend ceasefire mood flip hit crypto fast as equities sank and traders repriced Middle East risk into inflation fears.
Banks bullish on Strategy also profit from the stock sales funding its Bitcoin accumulation.
More than four-fifths of U.S. Bitcoin ETF assets are tied to Coinbase in some custody role. Morgan Stanley's new trust shows Wall Street is still routing crypto exposure through the same gatekeeper.
The move goes beyond risk-on relief, with traders leaning into Zcash’s institutional story while Dash behaves more like a squeeze.