$SOL , $ADA , and $XRP Surge 12% as Bitcoin Reclaims $93K — But Can the Momentum Hold?

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The upswing came after a major shakeout in the derivatives market, where about $457 million in short positions were liquidated over the last day.

Key points:

1) Bitcoin climbed back above $93,000 after sharp declines earlier in the week.

2) The broader crypto market also rebounded, with Ether and other major altcoins booking notable gains.

3) Even with the bounce, investor sentiment remains cautious due to ongoing structural issues and evolving regulatory pressures.