$374 million in short positions were liquidated as Bitcoin surged back above $73,200 and Ethereum reclaimed $2,160.

Bitcoin has jumped 9% over the past 12 hours, adding roughly $123 billion to its market value.

Ethereum climbed even faster, rising 11% in the same period and adding around $26 billion in market cap.

Across the entire crypto market, more than $176 billion in value has been added during the rally.