XRP and Dogecoin Jump 10% Amid Broad Crypto Market Rebound

Key Highlights:

• Bitcoin recovered to nearly $80,000 after briefly falling below $75,000, sparking gains in several leading cryptocurrencies.

• The total cryptocurrency market capitalization has climbed back to levels observed last November, coinciding with Donald Trump’s election win.

• On Monday, crypto futures experienced over $1.2 billion in liquidations, triggering a rebound as traders repositioned in response.

Bitcoin (BTC) rebounded to just under $80,000, mounting a relief rally after slipping below $75,000 late Monday and triggering gains across major cryptocurrencies.

Dogecoin (DOGE), BNB, XRP, and Cardano’s ADA each climbed up to 10%, helping to recover some of the losses from the previous 24 hours. A broad market index tracking top digital assets rose nearly 9%.

The total value of the cryptocurrency market has returned to levels reached in early November of last year, a period marked by a rally following Donald Trump’s election win that pushed the market past a key resistance point.

Stock markets also rallied late Monday, driven by speculation about potential tariff relief, which sent the S&P 500 surging more than 7%. However, those gains were mostly erased after the White House dismissed the rumors as “fake news.”

On Monday, crypto-linked futures recorded over $1.2 billion in liquidations as major digital assets plunged more than 20% at one point. This sharp decline set the stage for a rebound, with traders trimming short positions and dialing back aggressive selling.

At the same time, market participants are closely watching Bitcoin's price movements for signs of dip-buying opportunities, though many remain cautious due to the ongoing uncertainty surrounding global trade tensions.

“We’re hopeful that investors looking for safer alternatives may consider stepping in to buy Bitcoin on weakness—especially if it can demonstrate resilience compared to traditional assets during a potential short-term recovery,” said Jupiter Zheng, a partner at HashKey Capital, in a message. “While markets around the world are seeing historic levels of selling, Bitcoin has also declined but is holding relatively steady.”

Alex Kuptsikevich, chief market analyst at FxPro, noted that the crypto market appeared to be “emotionally oversold.” He acknowledged that a rebound is underway but cautioned that the key elements for a full-fledged reversal are still missing.

“Sentiment in the crypto space has dropped back into the extreme fear range, now at a reading of 23, which is noticeably higher than what’s being seen in equity markets,” he explained in an email. “This doesn’t suggest that crypto investors are more optimistic—it actually reflects that the downturn here is more structured, and potentially more hazardous.”