Crypto Market Rebounds: BTC Hits $70K, XRP Rockets 25%

The cryptocurrency market has experienced a rebound, with Bitcoin reaching $70,500 and Ethereum nearing $2,000. XRP surged by 25%, leading the altcoin market cap to jump 8-12%. The rebound is attributed to the massive deleveraging of $2.6B in 48 hours, including $980M BTC longs and $337M ETH, which flipped sentiment from panic to neutral. The recovery suggests a potential bottom, with analysts predicting further upside if resistance is broken.