Altcoins
Crypto market rebounds with bitcoin leading gains near $66,000
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The cryptocurrency market has staged a broad rally after days of selling pressure, with bitcoin reclaiming levels around $65,000 to $66,000. Ethereum and XRP also advanced, pushing toward $1,900 and $1.40 respectively, amid signs of technical recovery. Analysts caution that the bounce may lack fundamental drivers and face resistance ahead.
Bitcoin traded around $72,700 on Thursday, maintaining gains above $70,000 but pausing its recent breakout without pushing toward $80,000. Ether also saw modest increases of less than 1%, as investors assessed macroeconomic risks and derivatives activity. Broader market indices for major cryptocurrencies rose about 3%, while sectors like DeFi showed little movement.
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CME Group has announced plans for round-the-clock trading of its cryptocurrency futures and options contracts, starting May 29, 2026, pending regulatory approval. This expansion aims to match the continuous operation of digital asset markets. The change will apply to the CME Globex platform, with brief weekly maintenance interruptions.
Bitcoin and major altcoins rebounded on Sunday after hitting extreme oversold territory on the relative strength index, signaling seller exhaustion. Over $206 million in liquidations eased selling pressure, while thin weekend liquidity drew dip-buyers back. XRP jumped 7.7% and ZEC surged 14.1%, leading gains in a fragile market.
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The cryptocurrency sector has entered a downtrend following an October flash crash, with total market value now above $3.2 trillion. Bitcoin, dominating over half the market, has fallen below $90,000 from a high above $126,000. Investors face advice on preparing for a possible bear market.
Bitcoin's price dropped to around $105,000, its lowest in months, sparking widespread liquidations across the cryptocurrency market. Over 290,000 traders saw their positions closed, resulting in more than $1 billion in losses in a single day, according to CoinGlass data. The sell-off affected major assets like Ethereum and Binance Coin, though smaller projects like Tapzi continued to attract investor interest.
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Bitcoin dropped below $122,000 on October 7, 2025, reversing gains from a recent all-time high above $126,000 amid signs of an overheated crypto rally. Altcoins like Ethereum, Solana, XRP, and Cardano saw steeper declines of 3% to 7%, while the total market capitalization fell by about 2% to 4%. Analysts attributed the pullback to high inflows and a mixed U.S. Treasury auction result.