Bitcoin Hits $67,500 as Crypto Market Experiences Significant Rebound

The cryptocurrency market has been on a rollercoaster ride lately, but recent developments suggest a significant rebound is underway. After a dip in the past few days, Bitcoin has surged to over $67,500, driving a general recovery in the crypto market.

Major cryptocurrencies such as Ethereum, Solana, Dogecoin, Cardano, and Chainlink are also seeing gains of around 10% in the past day. This uptick in prices is attributed to increased risk appetite among investors, which is reflected in the liquidation of over $307 million in leveraged short positions.

Crypto-related stocks are also experiencing a rise alongside digital assets. A certain exchange's premium index has turned positive, indicating growing demand for cryptocurrencies. Furthermore, US spot Bitcoin ETF inflows have reached their highest level since February, signaling a recovery in US buyers' appetite for crypto investments.