🟡Bitcoin has rebounded 6%, climbing from a five-month low of $74.5K to $79.4K. Its market dominance now stands at 63.46%. Ethereum followed with a 7.3% gain, trading around $1,570. Total crypto market cap hit $2.5 trillion. Dogecoin and Solana surged 12.5% and 11% respectively, while Fartcoin led with a 33% jump.
🟡Exchanges liquidated $505M across 134,000 traders, with short positions taking the biggest hit. The Fear Index climbed to 24/100, signaling lingering caution. Notably, over 25% of Bitcoin holders are currently underwater.
🟡Analysts remain split — some anticipate further declines, others see this as a temporary correction before a potential rebound.