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Crypto market edges higher as short squeeze builds, Alphabet shares surge

Crypto market edges higher as short squeeze builds, Alphabet shares surge

The crypto market rose around 1.2% on Friday, with total market capitalization ticking higher as a wave of short liquidations and stronger tech-led risk sentiment lifted prices despite persistent geopolitical tensions.

Summary

  • Crypto market ticks higher as over $140M in liquidations, around 70% shorts, trigger a short squeeze, while Bitcoin holds near $77K.
  • U.S. spot Bitcoin ETFs log continued inflows exceeding $200M daily, supporting prices despite ongoing U.S.–Iran tensions and elevated oil near $110.
  • Alphabet Inc. shares jump ~10%, lifting global tech stocks and boosting crypto-linked equities, including Coinbase and MicroStrategy.

Bitcoin (BTC) climbed roughly…

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