#MarketRebound WHY IS THE CRYPTO MARKET REBOUNDING TODAY?
The crypto market experienced a sharp surge today, led by the rise in Bitcoin prices and other major altcoins. Here are some factors that triggered the rebound:
1. Rise in Bitcoin and Altcoin Prices
Bitcoin surged more than 5% in the last 24 hours.
Altcoins like Solana (SOL) rose about 14.5%.
This increase marks the highest level since early March.
2. Weakening US Dollar & Political Tensions
Tensions between Donald Trump and Fed Chair Jerome Powell have raised investor concerns.
Investors are seeking alternative hedges like crypto.
3. Liquidation of Short Positions
There was a liquidation of short positions worth over $347 million.
This triggered a short squeeze that accelerated the price increase.
4. Inflow into Bitcoin ETFs
US-based Bitcoin ETFs recorded an inflow of $381 million in one day.
This is a strong signal of institutional interest in crypto assets.
5. Rebound in the US Stock Market
Major US stock indices (Dow Jones, S&P 500, Nasdaq) rose about 2%.
This positive sentiment also boosted the crypto market.