- Bitcoin climbs over $115K, gaining 5% in 24 hours
- Ethereum rebounds 11%, nearing pre-crash levels
- Market manipulation suspected behind recent volatility
Crypto Market Recovers After Sudden Crash
Bitcoin has surged back above the $115,000 mark, gaining 5% in the last 24 hours, signaling a strong recovery after recent turmoil. Ethereum is also showing impressive momentum, bouncing 11% and now trading just 4% below its pre-liquidation levels.
This swift rebound comes just days after a sharp correction rocked the crypto market , wiping billions in value and triggering mass liquidations. Traders and analysts alike are now pointing fingers at potential market manipulation as the root cause of the crash.
Ethereum Shows Resilience Amid Volatility
Ethereum’s 11% rise highlights the strength of investor confidence in the second-largest cryptocurrency. The token has swiftly regained ground, with many now watching closely to see if it can break above the critical resistance zone and fully erase the losses caused by the sudden drop.
Several on-chain metrics are signaling renewed strength, including rising active addresses, exchange outflows, and increased staking activity. This indicates that long-term holders and institutional players may be taking advantage of the recent dip to accumulate more assets.
Was the Crash Just Manipulation?
The speed of the market crash — and the equally fast recovery — has many speculating that it wasn’t entirely organic. Some analysts suggest the drop was engineered through large-scale sell-offs, triggering cascading liquidations across leveraged positions.
These kinds of movements are not new to crypto markets, which remain vulnerable to manipulation due to their relatively low liquidity compared to traditional markets. The fact that both Bitcoin and Ethereum have nearly recovered their losses within days fuels the suspicion that the dip may have been a temporary shakeout.
For now, bullish sentiment is returning. If Bitcoin can hold above $115K and Ethereum breaks past its pre-crash levels, it could mark the beginning of another strong leg up in the current cycle.
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