2025-11-24
Bitcoin, Ethereum, XRP, Dogecoin Rebound After Steep Sell-Off: Analyst Highlights 'Good Bounce' For BTC, Predicts Level Before A 'New Base' Is Found
Leading cryptocurrencies rebounded alongside stocks on Sunday, as investors raised the prospect of a December rate cut following dovish signals.CryptocurrencyGains +/-Price (Recorded at 8:25 p.m. ET)Bitcoin (CRYPTO: BTC)+1.56%$86,716.06Ethereum (CRYPTO: ETH) +0.14%$2,788.04XRP (CRYPTO: XRP) +3.89%$2.04Solana (CRYPTO: SOL) +1.76%$130.77Dogecoin (CRYPTO: DOGE) +2.88%$0.1447Cryptos See Slight RecoveryBitcoin broke through $88,000 but returned to the $86,000 level overnight. Trading volume jumped 50% to $57 billion, indicating high trader interest and buying pressure. Similarly, Ethereum rallied to an intraday high of $2,856.45 before returning to $2,700. The two assets fell sharply this week, with Bitcoin losing 8.82% and Ethereum falling 11.16%. The blue-chip currencies have sunk to their multi-month lows.Cryptocurrency liquidations hit $222 million in the last 24 hours, according to Coinglass, with short position traders bearing the brunt of the losses.Meanwhile, a rise in Bitcoin to $90,000 could trigger additional short liquidations totaling ...Full story available on Benzinga.com