Crypto markets saw a surge as Bitcoin hit extreme oversold levels, prompting a $200 million liquidation to ease selling pressure. Bitcoin rose 2.7% to $86,466, with the RSI indicating potential for a rebound. The broader market followed, with total crypto market cap up 3.29% at $2.95 trillion. Ether and other top assets also posted gains.

Zcash and XRP made notable moves, with XRP climbing 7.7% to $2.04 and ZEC surging 14.1% to $574.05. A rally has lifted ZEC 113.5% over the past month. Derivatives liquidations of $206.39 million occurred in the past 24 hours, contributing to the rebound. Despite the uptick, sentiment remains cautious with the Crypto Fear and Greed Index at 10.

Read more at Yahoo Finance: Bitcoin Rebounds From ‘Extreme Oversold’ Levels; XRP Jumps 7%, ZEC Surges 14%