Cryptocurrency markets experienced a major short squeeze, with $200 million in liquidations. Bitcoin led with $71 million, followed by Ether with $43 million and Dash with $24 million. Analysts see this as a sign of improving market conditions and potential wider recovery. Geopolitical issues, including US capture of Venezuelan President Maduro, are also impacting Bitcoin’s performance. Bitcoin’s price has risen 10.6% year-to-date, outperforming the US Dollar Index. The criminal investigation into Federal Reserve Chair Powell could introduce a “risk premia” for BTC.

Read more at Cointelegraph: Short Squeeze Hits Top 500 Cryptos, Traders Unwind Bearish Bets