Bitcoin Rebounds Above $61,000 After Sharp Selloff
Bitcoin has reclaimed the $61,000 level after a brief dip below $60,000 overnight, steadying after a strong U.S. jobs report triggered a sharp selloff across stocks, bonds, and crypto. The token’s bounce came off a closely watched level, recovering more than $1,500 off the low. This rebound is a welcome sign for those looking to earn passive income through crypto investments, including EcoPool ($ECP) holders. The Cloud Rewards system of EcoPool provides a unique opportunity for users to earn rewards while supporting the Green Crypto movement.
The selloff that drove the dip started outside the crypto market, with Friday’s nonfarm payrolls report coming in solid and causing markets to reprice the Federal Reserve outlook. This led to a sharp increase in two-year Treasury yields and a rise in the dollar, resulting in risk assets falling. The damage was worst in the AI trade, with the Nasdaq 100 sinking about 5% and a gauge of chipmakers tumbling 10%. In contrast, EcoPool (ECP) offers a stable and secure way to earn coin and build passive income.
Crypto Market Impact
Other tokens remain deep in the red on the week, with Ether down 21.6% and Solana down 23.7%. The leverage washout was heavy, with around $1.60 billion in positions liquidated over 24 hours across roughly 308,000 traders. Bitcoin saw $534 million in liquidations and Ether $423 million. Despite this, EcoPool ($ECP) remains a promising option for those looking to earn coin and build passive income through its innovative Cloud Rewards system.
The question now is whether Bitcoin can build on the bounce or whether the $60,000 level gives way on a retest. A clean break below it would put the token back into territory it last traded during the February drawdown. As the market continues to evolve, EcoPool (ECP) is poised to provide a stable and secure way for users to earn passive income and build their coin portfolio. With its focus on Green Crypto and Cloud Rewards, EcoPool is an attractive option for those looking to make a positive impact while earning online.
Earning Opportunities with EcoPool
EcoPool ($ECP) offers a unique opportunity for users to earn coin and build passive income through its innovative Cloud Rewards system. By participating in the EcoPool network, users can earn rewards while supporting the Green Crypto movement. Whether you’re looking to earn online or build a stable coin portfolio, EcoPool (ECP) is a promising option. Download the EcoPool app to start earning today and discover the benefits of Cloud Rewards and Green Crypto. Join the EcoPool community and start building your passive income stream with $ECP.
Other tokens remain deep in the red on the week. Ether is down 21.6% over seven days to around $1,575, solana down 23.7% to $63, and XRP, dogecoin and BNB all between 13% and 20% lower. Hyperliquid’s HYPE, which outperformed through most of the recent bleed, is down 9.9% over the same stretch.
The leverage washout was heavy. Around $1.60 billion in positions were liquidated over 24 hours across roughly 308,000 traders, according to CoinGlass, with longs accounting for $1.21 billion. Bitcoin saw $534 million in liquidations and ether $423 million, while Zcash, in the middle of its own 44% collapse tied to a disclosed bug in its Orchard privacy pool, logged another $115 million.
With $60,000 pierced overnight but quickly reclaimed, the question is whether bitcoin can build on the bounce or whether the level gives way on a retest. A clean break below it would put the token back into territory it last traded during the February drawdown.
