The post Crypto market climbs back above $2.5T as $250M in short positions wiped out appeared on BitcoinEthereumNews.com.

The global crypto market cap rose back above the $2.5 trillion figure as geopolitical and macroeconomic concerns led to the wipeout of over $250 million in short positions that fueled crypto price gains. Summary Crypto market cap climbed back above $2.5T as over $250M in short positions were liquidated, driving price gains. Bitcoin touched $73K while ETF inflows rebounded, with $343M into BTC ETFs and $85M into ETH products. Ceasefire tensions and sticky U.S. inflation remain key risks that could trigger renewed volatility. According to data from CoinGecko, the total market cap of all cryptocurrencies combined rose 1.4% to $2.52 trillion on Friday, April 10. Bitcoin (BTC) rose over 3% to touch the $73,000 mark before paring off with some of its gains and settling at $72,000 at the time of writing. Ethereum (ETH) surged past $2,200 while other top 10 major crypto assets were also seen in the green territory. The market rally began in late U.S. hours yesterday after news broke out that Iran was looking into accepting Bitcoin for oil cargo ships crossing the Strait of Hormuz. The sudden uptick in crypto prices caught short sellers off guard, who were then forced to buy back assets, fueling the crypto market rally. Data from CoinGlass shows that over $250 million of short positions were liquidated in the past 24 hours, in comparison to $95 million in long positions. Crypto ETFs also played a significant part in supporting market gains. Data compiled by SoSoValue shows that spot Bitcoin ETFs drew in $343 million in net inflows on Thursday, while their Ethereum counterparts drew in $85 million. Both of these investment products had recorded outflows over the past two days. The crypto market also appeared to share the positive sentiment from Asian tech stocks such as Japan’s Nikkei 225, which…

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Filed under: News - @ April 10, 2026 7:29 am