Cryptocurrency Market Heals Its Wounds: Bitcoin and Altcoins Show Signs of Recovery
The cryptocurrency market, which experienced a sharp decline after Donald Trump announced on Friday that he would increase tariffs on China to 100%, showed a strong recovery today.
According to Binance data, Ethereum (ETH) rose 4.57% in the last 24 hours, rising above $4,000 again. Binance Coin (BNB) rose 11.72% to $1,266. PancakeSwap (CAKE) is up 18.45% at $3.27, and Aster (ASTER) is up 15.37% at $1.50.
Bitcoin price has increased by 1.70% in the last hour and is trading above $113,000.
In another indicator of market momentum, Solana (SOL) also rose by 7.04% to 190.14 USDT.
With Ethereum surpassing $4,000, the total size of short liquidations on major exchanges has reached $221 million. Conversely, if the price of ETH falls below $3,900, long liquidations are expected to reach $185 million.
Additionally, according to on-chain data, a whale with the address 0xb9f…6d365 deposited 9.5 million USDC on the Hyperliquid exchange today, opening a long position with 25x leverage. The investor took a position worth 18,960.93 ETH (approximately $70.76 million). The entry price was $3,717.76, and the liquidation level was $3,282.87. This position currently represents a profit of $5.75 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin Price Prediction: BTC Stabilizes at $91K, Is a Bigger Move Coming Next?
Ethereum News Today: "Ethereum ETFs Attract $175M Investments as Prices Fall—Large Holders Wager on Potential Undervaluation and Rebound"
- Ethereum's price rose above $3,000 amid $175M in 2-day ETF inflows led by BlackRock and Fidelity, signaling growing institutional demand for regulated crypto exposure. - Whale wallets accumulated 3% of ETH supply at lower prices, contrasting short-term bearish technical indicators and showing historical dip-buying patterns. - Macroeconomic uncertainties including Fed rate cut expectations and government shutdown risks created mixed signals in futures markets despite ETF-driven optimism. - Analysts predic
Ethereum Updates Today: Diverging Views on Ethereum’s Value: Conventional Analysis Versus Blockchain-Based Reasoning
- Simon Kim's Ethereum Valuation Dashboard estimates the network is 57% undervalued at $3,022 vs. a $4,747 fair price using 8 blended models. - High-reliability models like Metcalfe's Law ($9,583) and DCF ($9,067) contrast with traditional metrics showing 70% overvaluation. - Institutional adoption grows as Bhutan stakes $970k ETH and migrates to Ethereum, while technical indicators test key support levels. - Kim emphasizes market sentiment and regulation outweigh metrics, as crypto-native and traditional
XRP News Today: XRP ETF Buzz Contrasts With On-Chain Slowdown—Will Institutional Interest Ignite a Surge?
- XRP faces critical juncture in December 2025 amid ETF adoption, subdued on-chain activity, and mixed price signals. - Three major XRP ETFs (XRPZ, GXRP, XRPC) attracted $164M in first-day inflows, boosting institutional credibility but not yet driving robust token usage. - Price fluctuates near $2.20-$2.24 range as analysts monitor technical levels; breakout above $2.24 could target $2.30-$2.75, while breakdown risks $1.88-$1.91. - Future depends on ETF inflows, RippleNet expansion, RLUSD adoption, and ma
Trending news
MoreCrypto prices
More
