Why Is The Crypto Market Up Today? Bitcoin, XRP Lead Recovery
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Crypto markets climbed today after Bitcoin rebounded from extreme oversold conditions on the RSI. XRP and ZEC delivered some of the strongest gains as traders reacted to improving short-term momentum. Oversold RSI And Liquidations Drive Sharp Crypto Market Rebound BTC price traded near $87,423 after rising roughly 3.21% from early lows. Analyst Ali Martinez said Bitcoin entered “extreme oversold territory” earlier in the day, a zone that previously triggered short recoveries in 2023 and March 2025. This was what was evidenced by the Glassnode chart he shared. The fresh bounce also comes after remarks by Strategy’s Michael Saylor who reiterated the long-term commitment of the firm on Bitcoin. Bitcoin $BTC has hit extreme oversold territory on the RSI. In the past two cases, the market bounced soon after. pic.twitter.com/nDICqyjJkQ — Ali (@ali_charts) November 23, 2025 The wider crypto market also soared, according to CoinMarketCap data. The total crypto market capitalization increased 2.93% to $2.97 trillion with majority of the top 20 digital assets recording gains in the last day. Ether, Solana, BNB, DOGE, ADA, and TRX rose as selling pressure decreased after a couple of tough weeks. XRP and ZEC showed better results compared to the major tokens. XRP rose more than 7% to $2.07, and ZEC rose nearly 20%. The rally has seen ZEC rise more than 965% in 2025 and it is currently maintaining one of the strongest performances among the privacy-oriented tokens. The recovery is happening after liquidations in the derivatives markets. According to CoinGlass, liquidations in the past last 24 hours amounted to approximately $218 million. Nevertheless, there’s still cautious optimism among traders. The Crypto Fear and Greed Index is at 13, indicating extreme fear. Traders are watching closely to see if the bullish trend continues. Funding Rates Show Increasing Bets on A Bitcoin Drop In…
Filed under: News - @ November 23, 2025 9:22 pm