Following recent volatility in the cryptocurrency market, Bitcoin is once again showing signs of recovery and is nearing the $80,000 mark. Altcoins are also showing significant gains.
Bitcoin's Path to Recovery
This week, Bitcoin experienced sharp fluctuations. It reached a peak of $88,500 but then fell to a five-month low of under $75,000 due to new tariffs imposed by the US. Currently, the price is over $79,000, and market capitalization has risen to $1.570 trillion.
Altcoins Show Significant Gains
Alternative cryptocurrencies, which also faced a downturn, are showing gains in the past 24 hours. For instance, ETH and XRP rose by 3-4%, while SOL and DOGE demonstrated even more impressive results.
Cryptocurrency Market Trends
The total cryptocurrency market cap has increased by approximately $120 billion, now totaling $2.6 trillion. This rise is attributed to the growth of many altcoins, which have been the main drivers of performance in recent days.
The current market situation reflects both Bitcoin's recovery and the strong positions of altcoins. The market remains dynamic, and monitoring its changes can be interesting.
