markets··1 min read
Crypto Market Rises 0.84% as Short Liquidations Trigger Rebound
Short liquidations pushed the total crypto market cap toward $2.15 trillion Monday.
The cryptocurrency market saw a modest uptick on Monday, rising about 0.84% after a wave of short liquidations helped prices bounce back from last week's cycle lows.
The total market capitalization recovered to around $2.15 trillion, having found support near the $2.02 trillion level.
- Bitcoin (BTC) climbed to approximately $63,100 after bottoming at $59,014.
- Zcash (ZEC) was among the top 100 gainers, leading the rebound.
The move was driven by liquidations of short positions, which forced buyers to cover, adding upward pressure.