Following Friday’s sell-off, the cryptocurrency market is showing a strong rebound. Bitcoin climbed back to $115,070.13, after briefly dropping to $104,000, while Ethereum reclaimed the $4,000 level and is currently trading above $4,173, making a gain of 8.89 per cent in the last 24 hours. Altcoins are also contributing to the recovery, with XRP climbing 9 per cent to $2.60 and Solana up by 8.07 per cent to $197.
Binance Coin has returned to its upward trajectory, approaching its all-time high of $1,340, and is currently trading at $1,322, up 14.68 per cent, making it the third-ranked cryptocurrency by market capitalisation on CoinMarketCap. Even memecoins, such as Dogecoin and Shiba Inu are trading in the green, posting gains of more than 5 per cent. Overall, the market shows renewed momentum as investors continue to monitor price movements and trends following last week’s sharp volatility.
