Crypto Market Sees Significant Recovery with Bitcoin's Price Surge

The crypto market has experienced a notable turnaround, with Bitcoin's price increasing by over 5% to reach around $67,500.

This surge has been accompanied by gains in major cryptocurrencies such as Ethereum (ETH), Solana (SOL), Dogecoin (DOGE), Cardano (ADA), and Chainlink (LINK), which have all seen increases of about 10%.

Notably, over $307 million in leveraged short positions were liquidated in the past 24 hours, indicating a shift in market sentiment.

Crypto-related stocks have also benefited from this trend, with some exchange's premium index turning positive. Additionally, US spot Bitcoin ETF inflows have reached their highest level since February, suggesting a renewed interest among US investors and an increase in risk appetite.