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Solana, Dogecoin, Ethereum, and XRP Drive Crypto Market Rebound
Crypto Market Surges – The crypto market staged a strong comeback over the weekend, partially erasing last week’s losses and reigniting bullish sentiment among traders. Leading the charge were Solana (SOL), Dogecoin (DOGE), Cardano (ADA), Ethereum (ETH), and XRP, each climbing between 3% and 4% over the past 24 hours, according to CoinGecko.
$345 Million in Liquidations Fuel Rally
Fresh momentum came after nearly $260 million in short positions were wiped out, contributing to a total of $345 million in liquidations within a single day, CoinGlass data showed.
Shivam Thakral, CEO of BuyUcoin, told Decrypt that the weekend surge in Bitcoin (BTC) triggered a wave of short covering—where traders are forced to buy back assets to cover losses—which further amplified the upside in altcoins.
Altcoins in Focus Ahead of Q4
With Bitcoin and altcoins moving in close correlation, Thakral expects prices to consolidate in the short term before traders rotate capital into alternative tokens later this week. Looking further ahead into Q4 2025, he highlighted that narrative-driven altcoin sectors—including Layer 2 scaling solutions, AI tokens, and staking derivatives—are likely to attract stronger demand.
While some tokens could see “outsized returns,” Thakral warned that altcoins lacking a clear roadmap, adoption, or narrative may remain stagnant despite broader market enthusiasm.
Sentiment Turns Neutral
The Crypto Fear and Greed Index supports this rebound, rising from “fear” territory last Friday to a neutral reading on Monday. This shift signals improving sentiment across the market, aligning with the weekend’s bullish momentum.
Meanwhile, total crypto market capitalization stands at $2.23 trillion, reflecting a 2.35% increase in the past 24 hours, underscoring renewed investor confidence after a turbulent week.
