Bitcoin and Ethereum Rebound After Historic Crypto Crash
Crypto prices are rebounding after a significant selloff triggered one of the market's largest single-day liquidation waves.
The crypto market began to recover losses following a sell-off that resulted in one of the worst liquidation events in its history. Bitcoin fell from $121,000 to $109,000 over a seven-hour period, while Ethereum dipped to $3,686 and Solana touched $173.
A "flash crash of liquidations" wiped almost $7 billion across all markets within one hour, with $5.5 billion coming from longs.
Nearly $20 billion in liquidations across all digital assets were wiped out in a single day, with $16.7 billion in long positions making up the majority.
Author's summary: Crypto market rebounds after historic crash.