Leading cryptocurrencies recovered, alongside stocks and gold, on Monday, as investors showed a higher risk appetite.

Crypto Market Sees Relief Rally

Bitcoin pared some losses Monday, following a brutal sell-off that wiped all of its post-election “Trump rally.” Trading volume for the apex cryptocurrency surged 35%.

Ethereum rebounded but faced heavy resistance at the boundary of $2,400. XRP and Dogecoin also traded in the green.

Over $550 million was liquidated from the market in the last 24 hours, according to Coinglass, with long liquidations accounting for the majority.

Notably, over $300 million in Bitcoin shorts risked liquidation if the apex cryptocurrency rebounds to $85,000.

The…

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