Crypto Market Sees Uptrend as Bitcoin Reaches $68,655 and Altcoins Surge

The cryptocurrency market has seen a significant rebound, with Bitcoin reclaiming the $68,000 mark after a brief dip. This sharp move has triggered over $400 million in short liquidations, forcing traders to buy back positions. As a result, the total market cap has increased by 4.86% to $2.37 trillion, reflecting renewed investor confidence.

Cardano has been one of the standout performers, rising nearly 12% to $0.2983. This surge is largely attributed to strong whale accumulation over the past six months, with large holders buying more than 819 million ADA during the downturn. The rally has also been fueled by improved technical signals and increased investor appetite for altcoins.

Regulatory headlines continue to shape investor sentiment, with the US Senate probe into Binance's compliance and anti-money laundering controls sparking concerns. However, the market remains focused on the short-term gains, with many investors adopting a measured approach to trading.