Dogecoin leads market rebound with 15% pump, bitcoin steady above $85,000
Summary
Crypto markets rallied during Asian trading, led by DOGE, which rose more than 15% to just above $0.10. Bitcoin held near $85,600 after gaining about 5% in 24 hours. More than $1 billion in crypto positions were liquidated, including $844 million in short positions; Bitcoin accounted for about $608 million and ether $181 million. Liquidations later slowed sharply, leaving further gains more dependent on fresh buying. XRP, SOL and ether also advanced, while ZEC fell. Asian equities rose amid enthusiasm over AI developments, including Meta’s new agent and chipmakers’ gains, while Alibaba announced a new AI accelerator.
