In the past 24 hours, the cryptocurrency market has rebounded sharply, with Bitcoin (#BTC ) soaring to around $117,000🔥! Altcoins performed even better, with Ethereum (#ETH ) skyrocketing 5% in one day, quickly approaching the $4000 mark, Ripple (XRP) surging 12% to $3.36, and Stellar (#XLM ) breaking out of two weeks of stagnation, climbing to a high of $0.46🚀.

This wave of increase was mainly stimulated by several positive factors: Trump issued an executive order supporting 401(k) retirement account investments in crypto assets, and the lawsuit between Ripple and the SEC finally reached a settlement, injecting a strong boost into the market💪.

However, the sharp rise also brought about a liquidation storm! According to CoinGlass data, over $400 million was liquidated in the past 24 hours, with 80% being short positions being wiped out. The largest liquidation amount was for ETH, reaching $187 million, with BTC and XRP following closely behind. The largest liquidation order came from HTX, with a single liquidation on the ETH/USDT trading pair reaching as high as $34.28 million, affecting nearly 113,000 people, creating quite a spectacle⚡.

Friends in the crypto circle, the market is booming, but don't forget to manage your leverage, maintain a steady mindset, and keep up with the rhythm!💼🔥