The crypto market turned positive over the past 24 hours, with broad participation across major assets and legacy altcoins. Total market capitalisation rose from $2.19 trillion to $2.35 trillion as Bitcoin price stabilized above $68,000, and established tokens like Polkadot (DOT), Uniswap (UNI), and Cardano (ADA) posted notable gains. Ethereum price reached $2,000, XRP $1.44, BNB $600, and Dogecoin $0.10. Solana rose above $87 and moved toward $90, while Cardano approached $0.30 and reclaimed a top-10 position, flipping Bitcoin Cash.
ADA price is currently the best performer among the top 10 cryptocurrencies. The rebound comes amid a wave of short liquidations and renewed inflows into spot Bitcoin ETFs, suggesting a mix of mechanical short squeezes and fresh institutional demand behind the move. Bitcoin traded within a firm range over the past 24 hours, recovering from recent volatility and holding above key short-term support levels. The BTC price is up by 4.52%, reaching $68,297 in the past 24 hours after marking an intraday high at $69,953.
The volume also increased prominently by more than 27%, rising over $50 billion, which helped to mount enough buying pressure. The short-term price action of BTC shows the bulls gaining huge strength, but they failed to push the crypto beyond the crucial resistance at $69,925 or $70,000. However, the bullish momentum has not faded yet, as the rally has surged above the 50-day MA, which may act as a support in case of a correction. The chart patterns suggest a breakout could be nearby, but rising above the resistance zone between $71,374 and $71,681 is extremely important to validate the beginning of a recovery phase.
Ethereum mirrored Bitcoin’s stabilization, posting moderate gains and maintaining strength above recent support zones. However, the real momentum shift was visible in established altcoins. Polkadot (DOT) extended gains as buyers pushed the price toward recent resistance zones, signalling renewed interest in interoperability-focused networks. Uniswap (UNI) rebounded strongly, suggesting improving sentiment across the DeFi sector.
Cardano (ADA) held its base structure and advanced alongside rising market confidence. The participation of these “old guard” tokens suggests the move is not isolated to Bitcoin alone. One of the biggest drivers behind the recent bullish push is the short liquidations that occurred in the past 24 hours. The crypto market witnessed over $573 million in liquidations, of which the shorts account for nearly $468.5 million.
The largest single liquidation order happened on Hyperliquid with a value of $10.41 million. Yet another major bullish factor behind the recent surge is the rising ETF inflows. The net inflows surged above $697 million, of which the BTC ETFs account for more than $500 million.
Top institutions like BlackRock, Fidelity, Bitwise, 21Shares, and VanEck are recording positive change, while Grayscale remains negative. ETF inflows represent real spot buying rather than leveraged speculation, adding credibility to the rebound.
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