Dogecoin leads market rebound with 15% pump, bitcoin steady above $85,000
- —Dogecoin rose over 15% to just above 10 cents, the biggest gain among major tokens
- —More than $1 billion in positions were liquidated in 24 hours, 82% ($844 million) from shorts
- —Bitcoin held above $85,600; XRP added 7% to $1.52 and SOL 5% to just under $117
- —ZEC was the only large token in the red, down 4% to just above $1,450
Why it matters: The rally was driven by forced short covering rather than fresh demand, so the next leg depends on new buyers stepping in.
Source: CoinDesk