The crypto market is back in the green, and it's not holding back. After a volatile weekend that saw Bitcoin (BTC) dip below the $100K mark, Mondayâs rebound has set the tone for what could be a major trend reversal. With Ethereum, XRP, and Dogecoin surging over 10% in the last 24 hours, the bulls are charging â and theyâve brought the entire market with them.
Letâs break down what just happened⊠đ
đ„ Bitcoin (BTC) Bounces Back â Retests $105K With Volume Surge
Bitcoinâs price action over the last 24 hours has been nothing short of dramatic. After dipping below $100,000 over the weekend, BTC showed strong bullish momentum and is now trading at $105,679, up nearly 4% from a daily low of $105,539. Even more impressively, BTC touched $99,492, a crucial demand zone, before launching its recovery.
đ Technical Snapshot:
Volume: $65 Billion (+16.53%)
Market Cap: $2.1 Trillion
RSI: 61 (Bullish Control)
Structure: Reversal confirmed after demand zone test
Chart Analysis: Sideways consolidation at a supply zone â a potential precursor to another bullish breakout
Traders should watch this zone closely. If BTC finds liquidity above this region, it could retest higher resistance levels near $107,500 or even $110,000. But caution is still warranted. The next move depends heavily on global sentiment and macro triggers.
⥠Ethereum (ETH) Steals The Show â Jumps 10% in 24H
Ethereum delivered one of the most powerful moves of the day. From a 24-hour low of $2,197, ETH skyrocketed to $2,478, printing a solid +10% gain. It now leads the altcoin market with conviction.
đ Why ETH Is Rallying:
Volume Surge: $25.8 Billion (+19%)
Market Cap Jump: +11%
Trend Reversal: After plunging from $2,557 to $2,131 last week, ETH is making a textbook recovery
Ethereum is also gaining investor confidence as ETH 2.0 staking participation and DeFi TVL start to trend upward again. If this momentum holds, ETH could target $2,550+ in the coming sessions.
đ Altcoins On Fire â XRP & DOGE Join the Rally
XRP:
Current Price: $2.20
24H Gain: +12% (from a low of $1.96)
Volume: +25%
Market Cap: $130.15 Billion (+12%)
XRPâs movement is fueled by growing optimism over institutional partnerships and rising activity on the XRPL network. The volume spike suggests fresh capital inflow.
Dogecoin (DOGE):
Current Price: $0.198 (approx.)
24H Gain: +10.43%
Volume: $1.4 Billion (+11%)
Market Cap Growth: +8.8%
Meme no more? DOGE is riding strong sentiment â and speculation that Elon Musk may mention the token again in a coming tech conference is fueling short-term FOMO.
đ Crypto Market Cap Overview: $3.2 Trillion and Climbing đ
The broader crypto market is beaming with green candles.
Total Market Cap: $3.2 Trillion (+5.67%)
Total 24H Volume: $146 Billion
This overall market push confirms a strong demand resurgence. But itâs not been without casualties.
â ïž Liquidations Hit Hard â Short Traders Crushed
According to data from CoinGlass:
Total Liquidations: $406.43 Million
Short Liquidations: $338.75 Million
Long Liquidations: $67.69 Million
Total Traders Liquidated: 116,810
This surge was unexpected for many, especially bearish traders who shorted the dip too early. The marketâs whiplash has served as a reminder: volatility doesnât sleep.
đ§ Analyst Takeaway
What makes todayâs action so important isnât just the numbers â itâs the sentiment shift. After a period of fear and correction, this rally has injected fresh optimism into the crypto ecosystem.
Bitcoin holds key psychological level
Ethereum leads with real strength
Altcoins are reclaiming relevance
Traders are back in action â but caution remains essential
đ Whatâs Next?
If BTC continues to hold above $105K and Ethereum maintains its pace above $2,450, we could be on the brink of another multi-day rally. Keep an eye on key resistance zones and be prepared for profit-taking volatility. Altcoin season chatter might also begin to resurface if this momentum persists.
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