The cryptocurrency market cap surged by approximately $227 billion, climbing from $3.26 trillion to $3.49 trillion in less than 38 hours following a significant sell-off. This rebound occurred after over $230 million in leveraged positions were liquidated within a 24-hour period, with Bitcoin and Ethereum experiencing the largest liquidations. Despite the rapid recovery, the market faced resistance around the $3.45 trillion mark, with analysts suggesting that new catalysts are needed to push beyond this level. Altcoins such as GIGGLE, SOON, and Solana saw notable liquidations, while others like ASTER and ICP remained stable.