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Bernstein: Recent Gains in Some Cryptocurrencies Caused by Short Covering

Altcoins such as solana and lido have gained more than 20% as investors betting on a decline have covered their positions, a report from the brokerage firm said.

Squeezed shorts propelled gains in altcoins. (Bella H./Pixabay)
Squeezed shorts propelled gains in altcoins. (Bella H./Pixabay)