Market Rebound
Solana topped gains among major cryptocurrencies on Sunday, rising 11% as the market recovered from a sharp decline. Traders purchased assets at lower prices following Saturday's crash, which exceeded $50 billion in losses. The rebound occurred ahead of the opening of traditional futures markets.
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Cryptocurrencies traded higher overnight as market sentiment revived, supported by a retreating dollar, easing bond yields, and increased expectations for a Federal Reserve rate cut. Bitcoin and Ethereum led gains among major coins, while ETF outflows slowed. The aggregate crypto market capitalization rose 1.4 percent.