Bitcoin reclaims $90,000 as markets rebound after sharp Monday selloff
Key Takeaways
- Bitcoin bounced back above $90,000 after dropping to $84,000 on Monday.
- Altcoins surged with SKY, PUMP, and SUI among the top performers as short liquidations exceeded $138 million.
Bitcoin climbed back above $90K on Tuesday morning after a steep selloff rattled markets on Monday, when the asset fell from $91K to near $84K. The downturn in crypto followed a weak open in equities, but both markets moved higher on Tuesday as new bullish momentum lifted risk assets.
At press time, the S&P 500 was up 0.3% and the Nasdaq was higher by almost 1%, while Bitcoin pushed through the $90K level once again. Among major assets, Ether traded near $3K, Solana near $134, and XRP around $2.15.
The rebound lifted the broader crypto market by 5.7% over the past 24 hours, with several altcoins posting double-digit gains. SKY rose 17%, PUMP gained 15%, and SUI climbed 13%, placing them among the strongest performers within the top 100 assets by market cap.
The rapid move higher triggered more than $138 million in short liquidations and $2 million in long liquidations over the past hour. Bitcoin was trading near $91,000 at press time.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin’s Steep Drop: Uncovering the Triggers and What It Means for Investors
- Bitcoin's 2025 year-end 20% plunge highlights systemic risks and psychological volatility in crypto markets. - Trump's 100% China rare earth tariffs and Fed's 75-basis-point rate hike triggered initial 38% price collapse. - China's crypto ban erased 5% of Bitcoin's value, amplifying global regulatory risks for digital assets. - Algorithmic trading accelerated selloffs by detecting bearish signals faster than human traders could respond. - Investors must prioritize diversification and adapt strategies to
Bitcoin’s Latest Price Swings: Causes, Impacts, and Tactical Prospects
- Bitcoin's 2023-2025 volatility stemmed from macroeconomic uncertainty, delayed Fed rate cuts, and AI-driven credit strains, with prices swinging from $109,000 to $70,000 amid Bybit's security breach. - Regulatory shifts like U.S. Strategic Bitcoin Reserve and custody rules, plus offshore stablecoin risks, exacerbated systemic fragility as crypto financialized through ETFs and derivatives. - Growing equity correlations (e.g., Nasdaq 100) and institutional adoption (MicroStrategy, ETF inflows) highlight Bi
Dogecoin Could Reboot Soon: Rising Wallets Signal Accumulation Around Key Zones
The Impact of New Financial Crises on Technology-Based Asset Classes: Systemic Threats and Hedging Strategies in AI and Blockchain Investment
- AI and blockchain reshape finance but introduce systemic risks like synchronized market crashes. - 2025 Bank of England study warns AI-driven strategies using shared data could trigger cascading liquidity crises. - Blockchain offers resilience via DeFi platforms but crypto volatility creates feedback loops in traditional banking. - Strategic hedging combines AI dynamic portfolios (12% 2024 outperformance) with NIST/EU regulatory frameworks to mitigate risks. - Future stability requires balancing AI innov
Trending news
MoreCrypto prices
More
