Crypto Market Sees Significant Rebound With Bitcoin Surpassing $67K

The cryptocurrency market has shown resilience and a strong rebound over the past 24 hours. This surge has been fueled by Bitcoin breaking above the key psychological level of $67,000, with Ethereum also reclaiming the $2,000 mark.

Market capitalization experienced a significant increase of nearly $150 billion, indicating a strong recovery in investor confidence. Major altcoins like XRP, Solana, Dogecoin, and Cardano have also seen notable gains, rising more than 10% in 24 hours.

The sharp upward move has led to the liquidation of bearish positions, resulting in nearly $300 million being wiped out. This sudden shift in short-term market sentiment could contribute to sustained momentum if the market continues above the key levels.

Despite this strong rebound, analysts are cautious about the broader market sentiment indicators. The Crypto Fear & Greed Index still reflects extreme fear, suggesting that investors remain hesitant. A major resistance point of $2.35 trillion is being monitored, and a break above this threshold with strong trading volume could signal the beginning of a more sustained recovery.