Crypto Market: A Sudden Bounce Back

Bitcoin, Ethereum, and XRP See Significant Gains

Bitcoin's Remarkable Rise

• Price: Climbed back above $90,000
• Highest point since last week
• Near record single-day gain since May

Market Impact

• Liquidations: Over $157 million in Bitcoin short contracts
• Total liquidations: More than $312 million across all crypto derivatives
• Trading volume: Doubled to over $92 billion

Ethereum and XRP Gains

• Ethereum:
• Increase: Nearly 10%
• Price: Briefly surpassed $3,000
• XRP:
• Increase: 7.3%
• Price: Currently trading at $2.14

Market Uncertainty

• Analysts warn: Crypto market remains unstable
• Key event: Federal Open Market Committee (FOMC) meeting next week
• Recent action: U.S. central bank injected $13.5 billion to ease liquidity strains

Future Outlook

• FOMC prediction: 91% chance of a 25 basis point cut next week
• ETF rebound: Bitcoin, Ethereum, and XRP ETFs added over $1 billion in the past week