Crypto Prices Climb on Risk Asset Rebound
Cryptocurrency prices rose on Friday as risk assets staged a rebound amid easing oil prices. Solana (SOL), Cardano (ADA), and Binance Coin (BNB) recorded notable gains. As these altcoins neared key price levels, bearish traders faced unexpected sharp upside moves. The resulting spike eliminated numerous short positions, driving 24-hour liquidations past $370 million. BTC and ETH shorts dominated the losses, with Solana also hit by substantial forced closures.
SOL, ADA, and BNB Hit Key Levels
US stocks saw modest advances alongside retreating oil prices, flipping crypto market sentiment positive. Solana (SOL) broke above $92, securing over 6% in 24-hour gains as investor confidence resurfaced. Cardano (ADA) rose roughly 5% to exceed $0.28, restoring its top 10 market cap ranking ahead of Hyperliquid. BNB pushed toward $675 with about 3% growth in the period. These shifts aligned with Bitcoin's rally over $73,000 to intraday peaks of $73,758. Ethereum (ETH) also advanced past $2,200 in the session.
CRYPTO MARKET UPDATE: • BTC: $73,452 • ETH: $2,191 • BNB: $675 • SOL: $92 pic.twitter.com/OPTgNVWhuj — SolanaFloor (@SolanaFloor) March 13, 2026
Liquidations Spike 120% on Short Squeeze
CoinGlass data indicates over 93,680 traders liquidated in 24 hours, totaling more than $370 million. Bitcoin liquidations topped $154 million, Ethereum over $115 million as ETH crossed $2,150. The largest single event hit Hyperliquid's BTC-USD pair at $4.24 million. Solana positions accounted for over $20 million liquidated, shorts comprising $18 million amid 8% volatility; over 3,500 traders exited as SOL passed $91. BNB logged $820,000 and ADA $985,000 in losses. Liquidation cascades amplify rallies via forced margin buys, a pattern analysts link to early uptrends. Macro and geopolitical risks persist, sustaining potential volatility as positions adjust.
