Cryptocurrencies have seen substantial increases in value over the past day, fuelled by a price spike that triggered a wave of liquidations among short positions. Reports indicate that purchases by Strategy, along with a technical rebound from oversold levels and a reduction in geopolitical tensions in the Middle East, have contributed to the resurgence in crypto markets. Bitcoin reached a peak of 64,128 in the last 24 hours, compared to the low of 59,109 noted on Friday. Overall crypto market capitalisation has rebounded to $2.19 trillion, recovering from a low of $2.06 trillion observed last week. The 24-hour liquidation statistics indicate that short positions are surpassing long positions by more than three times. In the past day, liquidations in the crypto market soared to an impressive $599 million. This figure includes 144 million in long positions and a significant 455 million in short positions, reflecting the forced closure of leveraged trades by exchanges or lending protocols due to insufficient funds to cover potential losses. The crypto market sentiment saw an uptick as optimism increased about fresh backing from institutions for the cryptocurrency sector. Virginia-based Strategy Inc announced on Monday that it has acquired 1550 Bitcoins valued at $101 million between June 1 and June 7. Following its inaugural sale of Bitcoins last week, the prominent Bitcoin treasury firm led by Michael Saylor has boosted its total Bitcoin holdings to 845,256. The average cost of the holdings stands at 75,680.
After dropping to 15 yesterday, CoinMarketCap’s Fear and Greed Index, which measures the current sentiment in the cryptocurrency market, has improved to 16 but remains in the “extreme fear” category. The index was at 31, signalling “fear,” just a week ago, whereas it was at 48, showing a “neutral” stance, a month earlier. The total value of the crypto market has increased by 2.5 percent in the past 24 hours, now standing at $2.19 trillion. Bitcoin, the largest cryptocurrency, is currently trading 2.7 percent higher at $63,748.73. The current price is around 49 percent lower than the peak of $126,198.07, reached on October 7, 2025. The original cryptocurrency has, however, experienced a decline of 10.7 percent over the past week and nearly 31 percent on a year-to-date basis. Bitcoin Spot ETF products in the U.S. saw net outflows of $326 million on Friday, a significant shift from the net inflows of $3 million noted on Thursday. The iShares Bitcoin Trust ETF experienced significant net outflows, totalling $214 million. Bitcoin has climbed to the 13th spot in the global ranking of all assets according to market capitalisation, as noted. It currently occupies a position between Meta Platforms, which is in 12th place, and Samsung, which is in 14th place.
Ethereum experienced a notable rally of 3.3 percent overnight, bringing its trading price to $1,683.82. The leading alternate coin is currently trading at a staggering 66 percent below its all-time high of $4,953.73, which was reached on August 25, 2025. The 24-hour trading varied between $1,714.97 and $1,604.87. On Friday, Ethereum Spot ETF products in the U.S. saw net outflows of $6 million, a shift from the net inflows of $19 million recorded the day before. With outflows totalling $13 million, the iShares Ethereum Trust ETF faced the largest withdrawals. 4th ranked BNB experienced a 1.6 percent increase overnight, bringing its price to $600.80. BNB is currently trading at an impressive 56 percent below its peak of $1,370.55, which was achieved on October 13, 2025. 6th ranked XRP, a payments-focused cryptocurrency, rallied 2.8 percent overnight and is currently trading at $1.16, approximately 70 percent below the all-time high of $3.84 reached on January 4, 2018. The price of the 7th ranked cryptocurrency surged by 2.8 percent overnight, reaching $66.80. SOL’s current price is about 77 percent below its peak of $294.33, reached on January 19, 2025.
TRON has secured the 8th position overall, but experienced a decline of 0.65 percent overnight, currently trading at $0.3264. The trading price currently sits at 26 percent below the cryptocurrency’s all-time high of $0.4407, which was recorded on December 4, 2024. 9th ranked Hyperliquid surged by 10.1 percent in the last 24 hours. HYPE is currently priced at $64.79, which is about 14 percent lower than its peak of $64.59 reached on May 26, 2026. Memecoin Dogecoin is currently holding the 10th position overall, saw a 1.9 percent increase overnight and is now trading at $0.0863. DOGE is currently trading at an impressive 88 percent below its peak price of $0.7376, which was reached on May 8, 2021. 52nd ranked Audiera surged overnight, leading the top 100 cryptocurrencies with an impressive increase of over 53 percent.