Leading cryptocurrencies staged a sharp recovery alongside stocks on Thursday, sell-off the day before.

Crypto Market Rebounds

After a brief lull, Bitcoin pushed back above $65,000. Ethereum, meanwhile, continued to wrestle with bears near the $1,930 level

Nearly $200 million was liquidated from the cryptocurrency market in the last 24 hours, th bearish short traders taking the biggest hit, according to Coinglass data

Bitcoin’s open interest rose 2.25% over the last 24 hours, aligning with the spike in spot prices. The total cryptocurrency buy orders broadly matched the market sells, indicating equilibrium between market forces.

Despite the gains, “Extreme Fear” sentiment prevailed in the market, according to the Crypto Fear &…