Following a significant drop to $81,000, Bitcoin has bounced back by more than $3,000, surpassing $84,000, as altcoins display impressive increases.
Bitcoin's Recovery
The current week started well for Bitcoin, as the asset moved out of its consolidation levels near $84,000, reaching a 17-day peak at almost $89,000. However, a sharp decline was noted on Friday, dropping to $81,600. The support held firm, and Bitcoin began to recover, gaining more than $3,000 in the past 24 hours to exceed $84,000, with a market cap of $1.670 trillion and dominance over alts still above 59%.
Altcoins Surge
Most altcoins are in the green today. Ethereum has surged by 5%, approaching $1,900. XRP has grown by 5.5% and is nearing $2.2. Other notable altcoins include DOGE, ADA, TON, LINK, SUI, SHIB, AVAX, and XLM.
Overall Market Growth
The total cryptocurrency market cap added $70 billion in a day, reaching $2.830 trillion. Notable gainers include EOS (14%), Sonic (13%), Render (11%), Aave (10%), BONK (10%), and PEPE (10%).
The cryptocurrency market is recovering from recent tumults, showing significant growth in both Bitcoin and altcoins.
