Crypto Market Sees Broad Recovery with Major Assets and Established Tokens

The crypto market has experienced a notable recovery over the past 24 hours, with total market capitalization rising from $2.19 trillion to $2.35 trillion.

Bitcoin has stabilized above $68,000, while established tokens such as Polkadot (DOT), Uniswap (UNI), and Cardano (ADA) have posted significant gains.

The rebound is attributed to short liquidations worth over $573 million, with nearly $468.5 million of that being shorts on Bitcoin alone.

Renewed inflows into spot Bitcoin ETFs also played a crucial role in the market's recovery, with net inflows surpassing $697 million.