Bitcoin and XRP are heading for their strongest weekly close since 2024. Bitcoin trades above $79,000, up roughly 25% over the past seven days and more than 13% in the last 24 hours, representing the biggest weekly gain followed by approximately $280 billion added to market capitalization. XRP crossed the $1.40 threshold, rising 31% on the week and more than 18% in a single day, driven by a historic short squeeze that triggered massive liquidations of bearish positions. The MVRV indicator is emitting a rare bullish signal not seen since the bottom of the previous bear market cycle.
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