Bitcoin and Altcoins Bounce Back After $500 Billion Weekend Sell-Off
The cryptocurrency market showed signs of stabilization on Monday following a turbulent weekend during which over $500 billion in value was wiped out, leading to a significant contraction in open interest across derivative markets. Bitcoin (BTC) staged a modest recovery, rising approximately 1.4% to trade near $114,431. Meanwhile, Ether (ETH) outpaced Bitcoin’s gains, climbing 2.5% to around $4,129. Among altcoins, Synthetix (SNX) notably surged over 120%, driven by anticipation surrounding its upcoming trading contest that pits it in competition against the decentralized trading platform HyperLiquid. However, the rebound was not universal. Tokens such as Plasma (XPL) and Aster (ASTER) did












