Crypto market surges by $156 billion in 7 hours
Key Takeaways
- Crypto market added $156B in seven hours, led by a sharp rebound in altcoins.
- Bitcoin climbed back above $103K after falling below $100K earlier in the day.
The crypto market saw a sharp rebound on Friday, adding $156 billion in value within seven hours as altcoins led a powerful rally across the sector. Bitcoin recovered from early-morning lows under $100,000, climbing back above $103,000 by Friday afternoon.
Ethereum approached $3,500, Solana traded near $163, and a wave of alternative cryptocurrencies posted double-digit percentage gains over the past 24 hours. Altcoins alone added more than $81 billion in value, marking one of the strongest intraday moves in weeks.
The move comes after a stretch of downside pressure that affected both crypto and traditional equities. Friday’s recovery helped the digital asset market catch its breath after a week marked by risk-off sentiment, liquidations, and declining investor confidence across major sectors.
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
"Study Reveals 25% of Polymarket's Trading Volume is Artificial Due to Ghost Trades"
- Columbia University study reveals 25% of Polymarket's trading volume may involve wash trading, where users self-trade to inflate activity. - Sports and election markets showed highest manipulation rates (45% and 17% fake volume), peaking at 95% in election markets in March 2025. - Platform's lack of transaction fees and pseudonymous wallets enabled manipulation, despite CFTC regulatory actions since 2022. - Researchers urge Polymarket to adopt their detection methods to exclude fraudulent wallets and res
DeFi's Inherent Risks Prompt a Governance Overhaul
- Curve community proposes halting CRV token emissions to Elixir pools amid deUSD collapse linked to Stream Finance's $93M loss. - Elixir's synthetic stablecoin lost 98% value after 65% collateral tied to Stream's devalued xUSD, triggering liquidity freezes and legal disputes. - DeFi platforms like Suilend and Euler forced debt repayments while Stream's 90% deUSD control blocks resolution, exposing systemic governance flaws. - Industry warns interconnected stablecoins and opaque fund managers pose $3.1B an
PENGU's $0.015 Level Ignites Recovery Optimism Despite Persistent Derivatives Short Pressure
- Pudgy Penguins (PENGU) token fell 22% to $0.01589 amid altcoin weakness but shows potential rebound near $0.015 support level via TD Sequential buy signals. - Derivatives data reveals $7.68M in short positions at $0.01579, yet improving volume delta (-$64M) and MACD green signals suggest waning bearish momentum. - Long-term fundamentals remain bearish with CoinCodex predicting 25% decline to $0.01193 by December 2025, while TD Bank's branch closures highlight shifting financial sector dynamics. - Institu
Bitcoin Updates: Institutional ETF Drive Challenges Bitcoin’s $112,000 Barrier
- Bitcoin fell below $100,000 for first time in three months amid $1T market losses and 339,448 trader liquidations, as BlackRock's ETF inflows dropped 90%. - Institutional moves like BlackRock's $213M BTC transfer to Coinbase and JPMorgan's 64% IBIT holdings increase highlight ongoing crypto exposure despite volatility. - ETFs remain resilient with BlackRock's U.S. iShares Bitcoin Trust attracting $205B in Q3 2025 inflows and Grayscale's Mini Trust seeing 15% asset growth. - Analysts warn $100,000 support
Trending news
MoreCrypto prices
More
