- Solana, Cardano, and BNB prices rose as Bitcoin surpassed $73,000.
- Altcoins soar as SOL exceeds $92, ADA approaches $0.28, and BNB approaches $675.
- The price rise caught leveraged traders off guard and led to the liquidation of more than $370 million across cryptocurrencies.
Cryptocurrency prices rose on Friday as risk assets attempted to rebound amid easing oil prices, with tokens Solana (SOL), Cardano (ADA), and Binance Coin (BNB) posting notable gains.
As these altcoins approach key price levels, bearish traders are caught off guard by the sharp upward movement.
The surge wiped out many short positions, and total 24-hour liquidations exceeded $370 million.
Most of the liquidations were related to BTC and ETH short selling, but Solana also experienced a significant wave of forced liquidations.
SOL, ADA and BNB surge to key levels
With US stocks rising slightly along with falling oil prices, the overall sentiment in the cryptocurrency market quickly turned positive.
A broad rebound pushed Solana (SOL) above $92, up more than 6% in 24 hours as new investor confidence returned to the market.
Cardano (ADA) also rose, reaching $0.28 after rising about 5% in the last 24 hours. The rally helped ADA re-establish itself among the top 10 cryptocurrencies by market capitalization, ahead of Hyperliquid.
Among other major altcoins, BNB rose to around $675, up around 3% over the same period.
This move was accompanied by a sharp rise in Bitcoin above $73,000, with BTC reaching an intraday high of $73,758 at the time of this writing.
The surge also pushed Ethereum (ETH) above $2,200 during the session.
Cryptocurrency market updates:
• BTC: $73,452
• ETH: $2,191
• BNB: $675
• Sol: $92 pic.twitter.com/OPTgNVWhuj— SolanaFloor (@SolanaFloor) March 13, 2026
Liquidation surges 120% as shorts feel pressured.
According to data from CoinGlass, more than 93,680 traders were liquidated in the last 24 hours, with total liquidation exceeding $370 million.
Bitcoin accounted for more than $154 million in liquidations, while Ethereum leveraged traders lost more than $115 million in positions as ETH rose above $2,150.
The single largest liquidation on a global exchange occurred on Hyperliquid in the BTC-USD pair, with a transaction value of $4.24 million.
Meanwhile, more than $20 million in liquidation was tied up in Solana positions, and long positions accounted for only about $2.4 million of the total liquidation.
Shorts took the biggest hit, with Solana’s price volatility exceeding 8%, wiping out more than $18 million from SOL short positions. According to CoinGlass data, more than 3,500 traders were liquidated as SOL crossed $91.
Elsewhere, BNB recorded liquidations of around $820,000, while ADA recorded liquidations of around $985,000.
These liquidation cascades can accelerate price increases. This is because forced buying through margin calls injects additional liquidity into rising assets. Analysts say this dynamic often appears in the early stages of a stronger market uptrend.
However, with macroeconomic and geopolitical risks still present, prices may still remain volatile as traders continue to change positions.