Crypto News Today: SOL, XRP, DOGE Lead Altcoin Recovery After $1.2B Liquidation Triggered by U.S.-Iran Conflict

Key Takeaways:Solana, XRP, and Dogecoin are rebounding after a weekend of heavy liquidations triggered by U.S. airstrikes on Iran.Over $1.2 billion in crypto positions were liquidated across Saturday and Sunday, led by BTC and ETH.Bitcoin has reclaimed $101,000, while altcoins show signs of stabilization amid improving sentiment.Analysts point to dip buying and growing institutional interest as drivers behind the quick recovery.Altcoins Rebound as Market Stabilizes After Geopolitical ShockCrypto markets are showing signs of recovery after a volatile weekend that saw over $1.2 billion in leveraged positions wiped out, triggered by U.S. military strikes on Iranian nuclear sites. Among altcoins, Solana (SOL), XRP, and Dogecoin (DOGE) are leading the bounce, recovering from sharp losses as spot buyers re-enter the market.Bitcoin (BTC) briefly dipped below six figures, falling to $99,000 before rebounding above $101,000 early Monday. Ethereum (ETH) is hovering around $2,259, while SOL has climbed back to $134, XRP is trading over $2.02, and DOGE remains near $0.153.Liquidations Surge to $1.2B Across CryptoData from Coinglass shows a combined $1.24 billion in crypto liquidations from Saturday to Sunday. Bitcoin led the wipeout with over $230 million in forced closures, followed by Ethereum at $188 million. Altcoins followed:Solana (SOL): $28 million liquidatedXRP: $21 million liquidatedDogecoin (DOGE): Over $25 million liquidatedThese liquidations were driven by margin calls on leveraged positions, often causing rapid price spirals that force exchanges to close traders’ contracts automatically.Market Sentiment Turns Cautiously OptimisticDespite the weekend chaos, analysts suggest that the quick rebound signals growing market resilience. According to Eugene Cheung, Chief Commercial Officer at OSL, "Altcoins like Solana and Ethereum are benefiting from improving fundamentals, developer traction, and ETF narratives."Cheung noted that Ethereum remains a top institutional target, while Solana's performance reflects growing speculation around spot ETF approval and active network usage.Nick Ruck of LVRG Research echoed the sentiment:“The market appears to believe the U.S.-Iran conflict will remain regionally contained and not escalate into a broader economic disruption.”However, Ruck also cautioned that any Iranian retaliation or disruption to oil flow through the Strait of Hormuz could lead to another bout of volatility.Crypto Still on a Macro Uptrend Despite RisksWhile the liquidation cascade revealed market fragility, the recovery underscores underlying bullish sentiment. Many traders view forced sell-offs as buy-the-dip opportunities, especially with Bitcoin maintaining key support near $100,000.As geopolitical risks evolve, market participants are expected to closely monitor macro indicators, military developments, and institutional inflows — especially in the altcoin space.