Total crypto market capitalization rose close to 3%, reaching about $2.97 trillion as major assets led the advance.

Overall market cap increase of around 2.93% accompanied gains across Ether, Solana, BNB, DOGE, ADA and TRX as selling pressure receded.

Bitcoin rose roughly 3% from intraday lows to around $87,423 as the RSI showed extreme oversold conditions, sparking a broad rally led by major tokens.

The rebound followed a day of gains across the crypto market, with XRP and ZEC among the leaders as momentum improved.

Analysts noted the move came after Bitcoin entered extreme oversold territory on the RSI, a pattern that previously preceded rebounds in 2023 and March 2025.

Market mechanics pointed to liquidations clearing crowded positions and supporting new trades, while funding rates stayed neutral for longer-term momentum.

Sentiment remained cautious, with the Crypto Fear and Greed Index at 13 signaling extreme fear despite the rally.

Derivatives activity contributed to the rally, with about $218 million in liquidations over the last 24 hours and negative funding rates for Bitcoin suggesting potential short squeezes if prices rise further.

Liquidations helped drive the rebound as crowded positions were cleared and selling pressure waned.

XRP’s breakout came as top tokens like ETH, ADA, SOL and BNB also posted gains amid reduced liquidation risk and improving market stability.

XRP climbed more than 7% to about $2.07, with ZEC up nearly 20% and delivering the strongest performance among privacy-focused coins amid renewed demand.

Zcash (ZEC) surged nearly 20% on the day, extending 2025 gains to about 965% as privacy-focused tokens attract buyers.