Bitcoin reclaims $90,000 as markets rebound after sharp Monday selloff
Bitcoin surpassed $90,000 on Tuesday following a sharp Monday selloff, driving a broader market rebound with significant altcoin gains.Summary
Bitcoin climbed back above $90,000 on Tuesday morning after experiencing a steep selloff on Monday that saw it drop from $91,000 to nearly $84,000. This crypto downturn mirrored a weak opening in equities, but both markets experienced a surge in bullish momentum on Tuesday, lifting risk assets. At the time of reporting, the S&P 500 was up 0.3% and the Nasdaq rose nearly 1%, while Bitcoin was trading near $91,000, with Ether near $3K, Solana near $134, and XRP around $2.15. The overall crypto market appreciated by 5.7% in 24 hours, with several altcoins like SKY, PUMP, and SUI posting double-digit gains. This rapid upward movement resulted in over $138 million in short liquidations and $2 million in long liquidations within the preceding hour.
(Source：Crypto Briefing)