Cryptocurrency markets erupted in a broad-based rally on Tuesday, with Bitcoin leading the charge by surging 6.5% to break above the $75,000 threshold. The move triggered a massive $497.40 million in liquidations as open interest ballooned to $122.46 billion, signaling aggressive new positioning from institutional and retail traders. Major altcoins including Ether, XRP, and Solana rallied in tandem, suggesting a market-wide rotation into digital assets rather than a Bitcoin-centric spike, with technical indicators pointing to building momentum before reaching overbought extremes.
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