Crypto market rally liquidates bears, Ether leads charge as X eyes stablecoin payments

The cryptocurrency market saw a dramatic reversal this week, with Bitcoin (BTC) breaking above $70,000 and Ether (ETH) surging, triggering over $4 billion in short position liquidations. This significant crypto market rally arrived alongside reports that Elon Musk’s X platform is exploring the use of stablecoins to compensate its content creators.The sudden uptick caught many bearish traders off guard, leading to substantial losses and highlighting the volatile, often unforgiving nature of