The cryptocurrency market saw a decline before the Federal Reserve’s interest rate announcement last week, but it recovered after the release of non-farm payroll data on May 3rd. Some altcoins are showing signs of potential growth despite continued short-selling pressure. Analyst Vinicius Barbosa highlights the possibility of a 'short squeeze' for 2 altcoins.

Explore the potential for a 'short squeeze' in two altcoins in the cryptocurrency market, as it rebounds from a downturn. Learn about the contributing factors and implications for investors.

Warning of 'Short Squeeze' for 2 Altcoins after Bitcoin

The total crypto market value hit a local bottom on May 1st but has since rebounded, showing an increase of over $277 billion. On May 4th, the index surged by over 13%, reaching a local high of $2.318 trillion. Concerns and doubts in the market led to increased short-selling of Bitcoin and other cryptocurrencies. This raised the possibility of short-selling events for BTC and predicted higher prices. Two altcoins now have negative funding rates and accumulated short positions. Follow the full story at CoinOtag.