Bitcoin and Ethereum led a sharp cryptocurrency recovery on Thursday, reversing a Federal Reserve-driven sell-off the previous day. Bitcoin rose 2.16% to $65,112.78, while Ethereum gained 1.31% to $1,929.21, with XRP, Solana, and Dogecoin also climbing. Nearly $200 million was liquidated from the crypto market in the last 24 hours, with bearish short traders taking the biggest hit, according to Coinglass data. Despite the gains, the Crypto Fear & Greed Index signaled "Extreme Fear." Analyst Ali Martinez said a Bitcoin drop to $60,000 would not be unwelcome, as it could complete an inverse head-and-shoulders pattern, with a breakout above $66,500 potentially putting $74,000 in play.
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