The total cryptocurrency market capitalization rose to $2.35 trillion after falling to $2.27 trillion the day before. Investors actively bought assets on the dip, triggering a sharp rebound. The main growth driver was a short squeeze, which caused a chain reaction of forced buybacks, boosting market sentiment and supporting the recovery amid high volatility.

Over the past 24 hours, short position liquidations reached around $195 million, far exceeding $76 million in long liquidations. This ratio triggered mass asset buybacks and accelerated price growth. Despite high volatility, participants managed to profit from the recovery, and trading activity pushed the market to new local highs, strengthening the overall positive momentum.

Bitcoin led the gains, rising about 3%. Meme tokens continued to outperform, with some increasing more than 6%. This segment supported overall market optimism and attracted investors seeking higher returns, showing an interesting combination of stability among top coins and sharp swings in smaller tokens.

Despite macroeconomic pressures and geopolitical risks, the crypto market showed relative resilience. Rising Japanese bond yields and global financial factors pressured stocks and gold, while digital assets remained stable, strengthening investor confidence and confirming cryptocurrencies’ potential as relatively safe tools in volatile and uncertain conditions.