Bitcoin surged toward $79,000 after dipping below $75,000 over the weekend, as traders assessed the impact of heavy liquidation-driven selling against macroeconomic tailwinds. Over the past 24 hours, Bitcoin and major cryptocurrencies rebounded following a brutal sell-off that pushed prices to multi-month lows, triggering billions in liquidations across derivatives markets. During the Asian morning hours, Bitcoin was trading just under $79,000, recovering from weekend lows near $74,000. Ether climbed above $2,340, while Solana, BNB, XRP, and Cardano saw gains between 3% and 6%, according to market data.

Despite this relief rally, most large-cap tokens remain sharply down on a seven-day basis, with losses reaching up to 20%. The sell-off appears to have marked the end of a prolonged bearish sequence that began with the October 10, 2025 deleveraging event. Gabe Selby, head of research at CF Benchmarks, highlighted that Bitcoin's recent decline was tied to regulatory challenges and signs of hawkish Federal Reserve policy.

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With April lows breached, Bitcoin is now at a crucial inflection point. Selby noted that aggressive, high-volume bidding is essential to establish a new bullish market structure. Should prices fail to hold above these levels, downside risks loom, potentially heading toward liquidation clusters below $70,000. Meanwhile, Asian markets also rebounded after their sharpest sell-off in over two months, aided by a recovery in gold and silver, which steadied broader risk sentiment.

The implications for investors are significant. A failure to maintain upward momentum could lead to further corrections, while sustained recovery might signal a shift in market dynamics.