Global digital asset market rebounded as investor sentiment improved and expectations around U.S. policy supported major coins. Recent weeks’ pullback gave way to gains amid growing oversold sentiment and expectations around U.S. asset policy. CoinMarketCap says Bitcoin up 2.2% over the past 24 hours to $71,089, reclaiming the $70k level.
Ethereum up 0.8% to $2,114; XRP up 0.7% to $1.44. Total crypto market capitalization around $2.42 trillion, up about 3%. Market sees US considering adding digital assets to strategic reserves; rumors fueled buying in large-cap coins. No official announcement; rumors spread; policy-tailwinds boosted major coins.
Sanae Takai-led Liberal Democratic Party’s landslide win in Japan was viewed as adding liquidity underpinnings for the rally. Bitcoin briefly breached the $71,400 level. Markets began pricing in additional liquidity following the Japanese election result. However, there are concerns that rising Japanese sovereign yields could trigger carry-trade unwind.
BNB and Solana down about 0.7% and 1.0%, respectively; Dogecoin and Cardano also trimmed losses. Over the past week, most assets remained in double-digit losses, suggesting the rally may not reflect a durable recovery. Markets view this rebound as a technical bounce rather than a trend reversal. Total market capitalization near $2.44 trillion is seen as near-term resistance; volatility could stay elevated without further policy signals or macro shifts.
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