Bitcoin Rebounds From ‘Extreme Oversold’ Levels; XRP Jumps 7%, ZEC Surges 14%
Crypto markets climbed Sunday as Bitcoin flashed an extreme oversold signal and more than $200 million in liquidations helped ease selling pressure across major tokens. Bitcoin BTC$ 86, 828. 59 traded near $86,466 as of 1: 36 p. m. UTC, rising about 2. 7% from where crypto analyst Ali Martinez highlighted the move earlier in the day. Martinez said at 11: 19 a. m. UTC that Bitcoin had fallen into “extreme oversold territory” on the relative strength index, a momentum indicator that measures the pace of price changes from 0 to 100. Traders often view readings below 30 as signs that sellers may have pushed the market too far, too quickly. .. The chart he shared showed that Bitcoin’s last two dips into this zone in 2023 and March 2025 were followed by short-term rebounds. BTC was near $84,173 when he posted. The broader market advanced alongside Bitcoin’s recovery. Total crypto market capitalization rose 3. 29% over the past 24 hours to $2. 95 trillion, according to CoinMarketCap, with most top-20 non-stablecoin assets moving higher. Ether ETH$ 2, 835. 72 gained 4. 5% to around $2, 835, whilesolana SOL$ 131. 81, BNB, DOGE, ADA and TRX also posted daily increases. Many remain deeply lower over the month, but Sunday’s gains suggested sellers may be tiring after weeks of pressure. Zcash ZEC$ 574. 05 and XRP delivered some of the most notable moves. XRP climbed 7. 7% to roughly $2. 04. ZEC surged 14. 1% to $574. 05, extending a rally that has lifted it 113. 5% over the past month and more than 922% year to date. Privacy-focused tokens, including ZEC and Monero XMR$ 396. 59, have outperformed most other sectors in recent weeks. The rebound followed a sharp round of derivatives liquidations. CoinGlass reported that about 117, 928 traders were liquidated over the past 24 hours, totaling roughly $206. 39 million, including a $3. 03 million HYPE-USD position on the Hyperliquid exchange, the day’s largest single liquidation. Thin weekend liquidity likely magnified both the downturn and the rebound, a recurring feature of Sunday crypto trading.
https://www.coindesk.com/markets/2025/11/23/bitcoin-rebounds-from-extreme-oversold-levels-xrp-jumps-7-zec-surges-14
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