Crypto Market Recovers: $270M Liquidated in a Day as Bitcoin, XRP and Others Surge

The crypto market is showing signs of a price recovery, with investors who had shorted coins losing over $150 million in the last 24 hours. This rebound has been driven by growing DeFi activity and increasing institutional investments. Key altcoins such as Bitcoin (BTC), XRP, Solana (SOL) and Dogecoin (DOGE) have experienced notable price increases of over 2%. This rally is further evident in the high volume of crypto liquidations, reaching a staggering $270 million in the last 24 hours. The most liquidated coin was Bitcoin, which saw over $40 million in short positions exited during the time period.