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The cryptocurrency markets experienced a sharp recovery today.
Despite large digital assets, mostly Bitcoin and Ethereum (which were the largest ones), big losses of short-listed investors suffered heavy losses. $5525 for . In the last 24 hours, 69 million positions were liquidated with $472 in positions sold to . That number is 73 million short positions, of which 74 million are short posts.
In Bitcoin, the number of bitcoins surged 7. reaches $1 market capitalization with 22% daily to $69,164. 38 trillion. Ethereum grew 11 times as s rose. , 63 per cent to $2,072 and. AltCoin also exhibited high gains in altcoines, as well as strong gains. Solana grew 13-13, so called . 55 per cent to $88. Cardano rose 14 percent 88, Cardanos. From 11% to $0 . Dogecoin gained 12 – 2983, and 2993 for the . 58 per cent to $0. paraphrasing 1036. The day is also set to end with significant gains for XRP and BNB, which are both now in the process of closing the day.
A chart showing the increase in BTC price.
According to Orbit Markets co-founder Caroline Mauron, the rise is “a reflection of bottoming-out behavior after a long sell-off.” Mauron says that “Bitteth going above $70,000, it could be more clearly shift the overall market narrative to a positive one.”
Recovery sparked after US President Donald Trump’s relatively calm State of the Union speech by US president Donald Clinton, who was speaking at least for one year. Although Trump didn’t mention digital assets in his speech, investors are now focused on the earnings report to be released by technology giant Nvidia. Nvidia’s financial results, which is a key barometer of AI-related transactions, are likely to affect risk appetite in both the stock and crypto markets.
The US Supreme Court’s ruling earlier in the week to invalidate Trump’s attempt to impose reciprocal tariffs through emergency powers, followed by an announcement of a 15% global tariff, led to sharp sell-offs on markets. A relief rally after this wave is being seen as a recent rise by .
*This is not investment advice.
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