The cryptocurrency market staged a sharp rebound on Thursday, with Bitcoin jumping 5% in a day to trade near $68,000 amid strong ETF inflows. The token was last seen at $68,382, according to the Economic Times.
Ethereum rallied 9.29% to $2,069, while major altcoins — including XRP, BNB, Solana, Tron, Dogecoin, Cardano, and Hyperliquid — advanced more than 11% in the past 24 hours.
Riya Sehgal, Research Analyst, Delta Exchange, said the crypto market recovered over the past 24 hours, driven by structural demand and short-term positioning, and Bitcoin rebounded from the $62,000 demand zone toward $68,000-$70,000, supported by $257 million in net inflows into spot Bitcoin ETFs — the largest since January.
Sehgal further said that over $400 million in short liquidations added upside momentum, and now, improving global risk appetite, stabilising bond yields, and expectations of more accommodative financial conditions support liquidity-sensitive assets, including crypto.
The global crypto market capitalisation jumped 5.18% to $2.36 trillion, according to CoinMarketCap.
oinDCX Research Team said Bitcoin price experienced a strong bullish push and almost reached an important resistance at $70,000 before a small correction to $68,300, and the market cap surged above $2.27 trillion, while the volume surged over $120 billion from levels around $80 billion.
In the past week, Bitcoin and Ethereum were up by 1.79% and 4.46%, respectively. Among the major altcoins, XRP, BNB, Solana, Tron, Dogecoin, and Cardano were up over 7%, whereas Hyperliquid was down 1.49%.
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