Why Is the Crypto Market Up Today, July 6? Short Squeezes and TradFi Integration Reclaim the $2.19 Trillion Floor
The cryptocurrency market staged a powerful relief rally, lifting the total market cap to $2.19 trillion. Driven by a weaker U.S. jobs report, an intense short squeeze, and major institutional milestones, including Standard Chartered's USDC integration and Securitize's NYSE debut, buyers have effectively reclaimed key structural support levels.