Crypto market recap: Bitcoin climbs above $68,000 as short liquidations fuel recovery

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Highlights

Crypto market cap jumped to $2.35T (+5.1%), led by ETH, SOL, XRP and BNB gains.
Ethereum surged 9% after Buterin outlined a faster quantum-resilience roadmap.
Circle’s $75B revenue and USDC strength boosted sentiment despite fear index at 16.

Ethereum climbed to $2,065, gaining 9.37% in a day and 4.17% over seven days. XRP rose to $1.44 (+5.86% over 24 hours), BNB to $627 (+5.53%), and Solana to $87.75 (+7.19%). The Fear & Greed Index increased to 16, remaining in the extreme fear zone but signaling improving sentiment. The average market RSI rose to 55.17, indicating an exit from oversold territory. The rally is occurring amid short liquidations and corporate developments.

Ethereum accelerates quantum resilience roadmap

Vitalik Buterin unveiled an updated plan to accelerate the implementation of quantum-resistant mechanisms on the Ethereum network. He proposed optimizing the roadmap to enable faster integration of post-quantum cryptography at the protocol level.

Key priorities include simplifying the transition to new signature formats and reducing long-term risks. Buterin emphasized that the threat from quantum computing is not immediate, but preparation should begin in advance. The updates envision gradual infrastructure adaptation without a radical hard fork. The market responded positively to the initiative, coinciding with ETH’s accelerated gains. Over the past 24 hours, Ethereum outperformed BTC.

Circle boosts revenue, South Korea tightens regulation

Circle reported $75 billion in revenue for 2025 and strong USDC performance, prompting a rise in the company’s shares. USDC supply remains around $75 billion, confirming steady demand for dollar-backed stablecoins. The company highlighted increased income from interest earned on reserves. The earnings report boosted interest in the stablecoin sector and infrastructure-related assets.

At the same time, South Korea introduced a bill requiring financial influencers to disclose their holdings of crypto assets and stocks they publicly discuss. The measure aims to reduce market manipulation and increase transparency. The regulatory initiative could impact the retail segment of the Asian market.

Fundamental drivers and market structure

Over the past 24 hours, BTC rose nearly 5%, Ethereum more than 9%, Solana 7%, XRP 5.8%, and BNB 5.5%. BTC trading volume exceeded $55 billion in a single day, signaling renewed liquidity. Ethereum recorded one of the strongest daily gains among major assets. Stablecoins maintain a significant share of market structure, with USDC capitalization near $75 billion.

The Altcoin Season Index at 35 indicates a partial shift of interest toward altcoins, though BTC dominance remains intact. The rally was accompanied by short liquidations on derivatives markets. Sentiment improvement remains fragile, as the Fear Index is still in extreme fear territory. Short-term momentum now depends on the sustainability of institutional demand and upcoming corporate earnings reports.

Recently we wrote that decentralized lending protocol Aave has surpassed $1 trillion in cumulative loan volume. The milestone was announced by Aave Labs CEO Stani Kulechov. Launched in 2017, the platform now holds more than $27.2 billion in total value locked and remains the largest player in the DeFi lending sector.

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