Following several days of declines, Bitcoin has recovered some ground, with altcoins also rebounding and showing double-digit growth.
Positive Start for Bitcoin
This week started strong for bitcoin, as it surged from $101,000 to over $108,000 by Tuesday. However, a sharp reversal saw prices fall to $92,000 by Friday. Today, after the descent, bitcoin reached $99,000 again, stabilizing around $98,500. Its market capitalization has recovered to $1.950 trillion, with market dominance at 54.6%.
Altcoins Rise After Decline
Alternative cryptocurrencies also suffered during the market crash but have started to rebound. Ethereum, for instance, increased to $3,500 after dipping to $3,300. XRP climbed back above $2.3 from under $2. BNB, SOL, TRX, and HBAR gained 5-6%, while other coins like DOGE, ADA, AVAX, LINK, SHIB, TON, and DOT showed double-digit increases.
Overall Market Overview
The total cryptocurrency market cap dropped below $3.4 trillion earlier but has now risen to over $3.550 trillion, indicating a significant recovery following recent declines.
The cryptocurrency market is showing signs of recovery following the sharp downturn. Bitcoin and altcoins are beginning to demonstrate upward momentum, which could indicate a return of investor optimism.
