Dogecoin gained nearly 14% in 24 hours, driven by the liquidation of nearly $900 million in short positions across the market. PEPE and Bittensor rose approximately 25% and 18% respectively, while XRP, Cardano and Solana also participated in the rebound. Total market capitalization approached $3 trillion, up about 4%. The Altcoin Season index remained near 49, indicating that this momentum is a rebound amplified by a short squeeze rather than an established altseason.
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