Related Articles
Bitcoin ignited a Sunday crypto surge, shaking off oversold shackles! A tidal wave of $200 million in liquidations washed through the markets, finally relieving pressure on major tokens and fueling a vibrant rally.
Bitcoin claws back, hovering around $86,466 after a 2.7% surge, shaking off earlier oversold fears. Crypto analyst Ali Martinez flagged the potential rebound, noting Bitcoin’s dip into “extreme oversold territory” on the relative strength index (RSI). The RSI, a momentum gauge swinging from 0 to 100, had dipped below 30 – a level often seen as a siren song for bargain hunters, signaling that sellers might have overplayed their hand. Could this be the start of a more substantial recovery?
His chart painted a compelling picture: Bitcoin, having twice kissed this price level in 2023 and March 2025, bounced back with vigor each time. When he sounded the alarm, BTC was hovering around $84,173, poised, perhaps, for another surge.
Bitcoin RSI Chart From Glassnode Shared on X by Ali Martinez
Bitcoin’s resurgence sparked a market-wide rally, injecting fresh energy into the crypto sphere. The total crypto market cap surged past $2.95 trillion, a 3.29% leap in just 24 hours, according to CoinMarketCap. Forget stablecoins – almost every major player in the top 20 is riding this bullish wave.
Ethereum surged 4.5% to approximately $2,835, leading a Sunday rally across the altcoin market. Solana, BNB, DOGE, ADA, and TRX all enjoyed daily upticks, offering a glimmer of hope after weeks of relentless selling pressure that left many significantly down for the month. Is this the turning of the tide, or just a brief respite for weary crypto investors?
Zcash and XRP stole the spotlight with eye-popping moves. XRP soared 7.7%, punching through to approximately $2.04. But ZEC truly exploded, rocketing up 14.1% to a staggering $574.05, fueled by a monstrous rally. This isn’t just a blip – ZEC has skyrocketed 113.5% in the last month and an unbelievable 922% since the start of the year. Privacy coins like ZEC and Monero are leaving the rest of the crypto market in the dust, consistently outperforming in recent weeks.
A derivatives bloodbath paved the way for crypto’s whiplash recovery. Over the last day, CoinGlass data revealed a staggering $206.39 million evaporated as 117,928 traders faced liquidation. Hyperliquid exchange felt the sting most acutely, witnessing the day’s single largest wipeout – a $3.03 million HYPE-USD position. The market’s thin weekend liquidity acted as a volatility amplifier, turning a dip into a chasm and the subsequent bounce into a rocket. Sunday crypto trading, notorious for such flash crashes and rebounds, lived up to its reputation.
The market flickered with hope, but fear still clung tight. The Crypto Fear and Greed Index, a chilling 10, screamed “Extreme Caution!” Was this bounce a genuine rebirth, or just a fleeting mirage in the crypto desert? Traders held their breath, waiting to see if the newfound momentum could blossom into something real.
Thanks for reading Bitcoin Rebounds From Extreme Oversold Levels; XRP Jumps 7% ZEC Surges 14%
