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Bitcoin bounces back near 70K after leveraged longs get wiped out
Economy
Published on 24 April 2026
Long traders were forced out after the $62K plunge
Bitcoin has rebounded to around $70,000 after a sharp drop to roughly $62,000, as a wave of liquidation forced out leveraged long positions. While major altcoins moved in mixed directions, global crypto market cap inched higher. Still, traders remain cautious, weighing macro risks and interest-rate expectations before committing to fresh bets.
- Bitcoin recovered to about $70,000 after the $62,000 dip
- Liquidations flushed out leveraged long positions
- Altcoins saw mixed performance across the board
- Market sentiment stays cautious amid macro and rates
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times