Altcoins Fidget: 'Soul of Life' Has Come to the Market!

The news feeds in the market have prepared a bullish environment for altcoins by more than 20 percent.
Altcoins Show a Strong Recovery
While the crypto market is on the rise after positive news flows, an average of 20 percent recovery was seen in altcoins. Some altcoins diverged and sat on the rising trend.
In the last 24 hours, approximately $90 million has been liquidated. While these liquidations were long trading weighted until yesterday, they shifted to short positions as of yesterday. Short positions accounted for approximately $70 million of the $90 million liquidation. The biggest liquidations were on the side of BTC, ETH and XRP.
The most rising popular altcoins of the day drew attention. Sui (SUI), which has recently entered the crypto market and gathered attention, is spending the day with an increase of close to 20 percent. SUI, which moved at an average price of $ 0.625 yesterday, came up to $ 0.75 today. The popular cryptocurrency became one of the remarkable altcoins of the day. On the other hand, Frax Shares (FXS) is spending the day with an increase of close to 17 percent. FXS was included among the remarkable altcoins with the news effect behind it. FXS' team announced that they will launch their own decentralized smart contracts platform and blockchain. This news revealed the uptrend in FXS.
Other prominent cryptocurrencies of the day are as follows;
SafePal (SFP) is up close to 18 percent for the day.
Acala (ACA) is up more than 15 percent for the day.
TrueFi is spending the day up close to 15 percent.
Looking at the overall outlook, BTC is trading above $26,500 and ETH is trading near $1,740.
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