According to Bitcoinist, the crypto market unexpectedly rebounded as approximately $200 billion in market capitalization returned within a short period. Bitcoin rose toward $87,000, with major altcoins like XRP, Solana, and Dogecoin following suit. Analysts attribute the recovery to a significant short squeeze, with over $312 million in short positions liquidated. On-chain data also shows increased Bitcoin wallet activity and rising inflows to major exchanges. Meanwhile, presale projects like Maxi Doge are gaining retail attention, having raised over $4.1 million in its ongoing presale.
Crypto Market Recovers $200 Billion, XRP and Solana Rise Amid Short Squeeze
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