Bitcoin nears $62,000 on short squeeze; ether up 10%, solana up 19% on the week

Bitcoin surged toward $62,000, its strongest level in two weeks, as bearish traders suffered $281 million in liquidations over 24 hours — nearly double the losses on long positions. Ether climbed almost 10% and solana nearly 19% over the week. A rebound in tech stocks also eased pressure from the AI trade, contributing to the broad crypto rally.