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Bitcoin's roughly 23% rally outpaced AI-linked infrastructure stocks, lifting Canaan, American Bitcoin and Cango by 41% to 67%. CoreWeave rose 21%, Nebius 17%, IREN 15%. Catalysts included Treasury buybacks, regulatory optimism, and a short squeeze liquidating over $1.6 billion in crypto positions.
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Summary by ByteBrief
Crypto rally squeezes bears as stablecoins expand