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XRP, Dogecoin Jump 10% as Crypto Market Rebounds
The crypto market staged a relief rally after sharp declines, with Bitcoin rebounding to nearly $80,000 from below $75,000. This recovery triggered a 10% surge in major tokens like XRP, Dogecoin, BNB, and ADA. The total crypto market cap returned to levels last seen in early November, coinciding with Donald Trump’s election win that had previously sparked a breakout.
Over $1.2 billion in crypto futures were liquidated on Monday as markets plunged over 20%, setting up conditions for a bounce. Despite the recovery, analysts urge caution. While Bitcoin appears relatively stable amid global market turmoil, sentiment remains fragile, with extreme fear gripping crypto investors.
Experts say a full reversal isn’t confirmed yet, as major catalysts are still missing. Some traders see potential in dip-buying, but uncertainty around tariff wars continues to weigh on market confidence.