Bitcoin Surges to $81,690 as Market Liquidations Top $650 Million

Bitcoin rebounded strongly from a low of $76,500 to hit $81,690, a 6.6% gain in 24 hours, while Ethereum reclaimed the $2,600 level. The rally triggered $652 million in liquidations across the crypto market, with short positions accounting for nearly 90% of the total. Market sentiment has shifted from neutral to 'Greed,' with the Fear & Greed Index rising to 71. Solana (SOL) led the altcoin rally with a 12% gain, as investors appear to have digested the recent regulatory uncertainty surrounding the Crypto Clarity Act and the Federal Reserve's rate hike.