Bitcoin, ether lead crypto rebound following sharp weekend losses

Bitcoin edged back toward the $79,000 level after slipping below $75,000 over the weekend, as markets absorbed a liquidation-driven selloff while weighing improving macro signals and the possibility that crypto markets are nearing a turning point.

Major digital assets rebounded over the past 24 hours following a brutal weekend rout that pushed prices to multi-month lows and sparked billions of dollars in derivatives liquidations. Bitcoin was trading just under $79,000 during Asian trading hours, recovering from weekend troughs around $74,000, according to CoinDesk data.

Ether climbed above $2,340, while Solana, BNB, XRP and Cardano advanced between 3% and 6% on the day. Despite the bounce, most large-cap tokens remain deeply in the red on a weekly basis, with losses of as much as 20%.

The recovery follows broad capitulation across crypto markets, characterized by heavy long liquidations and thin weekend liquidity. CF Benchmarks said the selloff may have completed a longer bearish phase that began with the October 10, 2025 deleveraging event.

“Bitcoin has finished the bearish sequence that started with the October 10 deleveraging, with the latest washout retesting — and briefly breaking below — the April 2025 ‘Liberation Day’ lows near $74,000,” said Gabe Selby, head of research at CF Benchmarks, a Kraken-owned firm.

Selby said the weekend decline was fueled by “massive long liquidations” alongside broader risk-off flows and mixed earnings from U.S. technology giants. He added that bitcoin’s downturn continues to reflect regulatory headwinds, including stalled U.S. crypto market structure legislation, as well as early signs of hawkish repricing around Federal Reserve policy.

In contrast, recent pullbacks in gold and silver were driven more by crowded positioning after sharp rallies than by shared macro forces, Selby noted.

“After taking out the April lows, bitcoin is now at a clear inflection point,” he said. “Strong, high-volume buying is needed to rebuild a bullish market structure. Failure to hold these levels leaves downside risks intact, with liquidation clusters sitting below $70,000.”

Outside crypto, Asian equities rebounded from their steepest selloff in more than two months. The MSCI Asia Pacific Index rose 2.4%, its strongest session since April’s ‘Liberation Day’ rebound, while South Korean stocks surged more than 5%.

U.S. equity futures also ticked higher following upbeat guidance from Palantir, though uncertainty persists around Federal Reserve leadership and the path of monetary policy.