Bitcoin (BTC) Experiences Partial Recovery, 24-Hour Situation Turns Positive – Heres What You Need to Know and Updates

Bitcoin (BTC) fell below $90,000 again after a long break during the day, creating sharp volatility in the market.

After hitting an intraday low just below $90,000, BTC rebounded on a strong buying wave to reach $93,359, marking a notable recovery in recent hours, according to CoinMarketCap data.

Chart showing the recent recovery in BTC price.

Bitcoin's market capitalization, which rose 0.67% on a daily basis and fell 9.83% on a weekly basis, has risen back to $1.86 trillion. Its 24-hour trading volume remains quite high at $121.5 billion.

Ethereum also benefited from the recovery. ETH's price is trading at $3,146, up 1.31% in 24 hours. Solana (SOL) managed to stay above $140 with a 3.82% gain, while XRP and BNB were among the major altcoins that closed the day in positive territory.

Volatility in global markets has led to massive liquidations in derivatives positions. A total of $791.6 million in positions were liquidated in the last 24 hours:

• Long: $632.74 million
• Short: $158.87 million

The 24-hour asset-based liquidation distribution is as follows:

• BTC: $436.27 million
• ETH: $156.81 million
• LEFT: $37.67 million
• ZEC: $18.51 million

The crypto fear and greed index fell to 15 today, deepening its course in the “Extreme Fear” zone. Yesterday, it was at 17.