Crypto Market Recovery Begins After $1.7B Crash
The crypto market is rebounding after $1.7B in liquidations, with $AVAX up 15% and sentiment still in fear.
- Crypto market rebounds after massive liquidation
- $AVAX leads recovery with 15% gain
- Fear sentiment persists in market
The crypto market recovery has begun, following one of the largest liquidation events of the year. A total of $1.7 billion in positions were wiped out, shaking investor confidence and pushing the Fear and Greed Index down to 43 — still in the “Fear” zone.
However, despite the damage, the market is showing signs of resilience. Major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) are posting modest gains. As of now, BTC is trading at $113,058 (+0.32%) and ETH at $4,207 (+0.22%), suggesting cautious optimism among traders.
$AVAX Surges Amid the Rebound
While most assets are inching upwards, Avalanche ($AVAX) is stealing the spotlight with an impressive 15% surge. This rally reflects strong investor interest and possibly renewed belief in AVAX’s ecosystem potential.
Other altcoins are also bouncing back, but none have matched AVAX’s performance in the current wave of recovery. It remains to be seen if this momentum can be sustained or if it’s a short-term reaction to overselling.
Market Still in Fear, But Momentum Builds
Despite the slight bounce, overall market sentiment remains bearish. The Fear and Greed Index holding at 43 indicates that traders are still cautious. Meanwhile, $368 million in fresh liquidations show that volatility hasn’t disappeared just yet.
The total crypto market cap now stands at $4.14 trillion, showing that investor interest and capital are still present — even in shaky conditions.
If this crypto market recovery continues, it could help shift sentiment from fear to neutrality or even greed. However, much depends on macroeconomic signals and whether this bounce gains broader support.
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