Crypto Market Rally: Why Bitcoin, Ethereum and XRP Are Surging Today
Photo: Coinpedia
Bitcoin price reclaimed $80,000, while Ethereum moved above $2,400 and XRP recovered past $1.30 as the broader crypto market rebounded. Crypto liquidations reached $772.75 million over 24 hours, with short positions accounting for $534.38 million, amplifying the recovery. Falling oil prices, a weaker US dollar and a rebound in US equities improved risk appetite, although recent long liquidations suggest volatility remains elevated. The crypto market is staging a broad recovery after a volatile reaction to the US midterm elections. Bitcoin has reclaimed $80,000, while Ethereum and XRP have joined the rebound, supporting gains across major digital assets.
Also reported by CaptainAltcoin.
Source: Coinpedia
