According to FinBold, the cryptocurrency market has rebounded sharply over the past 24 hours, adding approximately $200 billion in value. Bitcoin (BTC) led the surge, with its market cap rising to $1.8 trillion, marking its strongest daily performance since May 2025. The rally was driven in part by a wave of liquidations, with $140 million in short positions wiped out in one hour. Ethereum (ETH) and Solana (SOL) also saw significant gains. A key catalyst was Vanguard lifting its ban on digital-asset products, allowing clients to access crypto ETFs, while Bank of America authorized wealth managers to recommend spot Bitcoin ETFs. The previous market crash on December 1 was triggered by turbulence in Japanese government bonds and a warning from China’s central bank.
Crypto Market Surges $200 Billion in 24 Hours, Led by Bitcoin and ETF Developments
FinboldShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.