Market Recovery
Bitcoin rebounds above $106,000 after crypto selloff
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Bitcoin surged 4% to $106,087.54 as the global cryptocurrency market recovered, with its total capitalization rising to $3.57 trillion. The rebound follows a sharp selloff that liquidated nearly $20 billion in leveraged positions and erased half a trillion dollars from the market over a weekend. Experts view the event as a necessary correction exposing structural flaws while highlighting improved infrastructure resilience.
Hong Kong's Land Registry reported 8,692 transactions across all property sectors last month, up 12.3% from March. Residential sales reached 7,368 units, the highest in two years. Total sales value rose sharply.
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XRP has surged about 20% in the last 24 hours, outperforming major cryptocurrencies like Bitcoin and Ethereum following a broad market downturn. The token hit its lowest point since 2024 on Thursday but showed signs of recovery amid heightened network activity. Analysts point to amplified market movements and institutional interest as key factors.