Bitcoin (BTC) Experiences Partial Recovery, 24-Hour Situation Turns Positive – Here’s What You Need to Know and Updates
Bitcoin (BTC) fell below $90,000 again after a long break during the day, creating sharp volatility in the market.
After hitting an intraday low just below $90,000, BTC rebounded on a strong buying wave to reach $93,359, marking a notable recovery in recent hours, according to CoinMarketCap data.
Bitcoin's market capitalization, which rose 0.67% on a daily basis and fell 9.83% on a weekly basis, has risen back to $1.86 trillion. Its 24-hour trading volume remains quite high at $121.5 billion.
Ethereum also benefited from the recovery. ETH's price is trading at $3,146, up 1.31% in 24 hours. Solana (SOL) managed to stay above $140 with a 3.82% gain, while XRP and BNB were among the major altcoins that closed the day in positive territory.
Volatility in global markets has led to massive liquidations in derivatives positions. A total of $791.6 million in positions were liquidated in the last 24 hours:
- Long: $632.74 million
- Short: $158.87 million
The 24-hour asset-based liquidation distribution is as follows:
- BTC: $436.27 million
- ETH: $156.81 million
- LEFT: $37.67 million
- ZEC: $18.51 million
The crypto fear and greed index fell to 15 today, deepening its course in the “Extreme Fear” zone. Yesterday, it was at 17.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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