Bitcoin, Ethereum, and Solana Lead Broad Crypto Market Rebound

2 hour ago 2 sources positive

Key takeaways:

  • SOL's outperformance suggests a rotation into high-beta altcoins as market sentiment improves.
  • Explosive gains in small-cap tokens like SN115 indicate speculative froth returning to risk-on segments.
  • Watch for BTC to hold above $65k to confirm the recovery's sustainability and avoid a retest of lows.

Crypto markets staged a coordinated recovery over the past 24 hours, led by major assets Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). The rebound followed a period of decline, with Bitcoin having touched a three-week low near $62,500 earlier in the week amid broader market uncertainty.

Bitcoin (BTC) climbed 2.9% to trade at $65,051.84, with its market capitalization expanding to $1.30 trillion. Daily trading volume reached $43.63 billion. The asset had briefly neared $66,500 before being halted, marking a significant recovery from its recent lows.

Ethereum (ETH) posted an even stronger gain of 3.6%, advancing to $1,890.37. Its market cap stood at $228.13 billion, supported by $22.27 billion in trading activity.

Solana (SOL) delivered the sharpest move among leading cryptocurrencies, surging 6.7% to $82.10. This performance reflected renewed appetite for alternative layer-1 networks. Solana's trading volume was $4.12 billion, and its market cap climbed to $46.65 billion.

The recovery extended across the altcoin spectrum. XRP gained 2.9% to $1.37, BNB rose 0.9% to $595.15, and Dogecoin (DOGE) added 1.6% to $0.09262. Notably, smaller-cap tokens experienced explosive gains, with tokens like Cognify (SN115) surging over 1200% and others like Enso (ENSO) and Holoworld (HOLO) posting gains of 49% and 39.5%, respectively, signaling intense speculative momentum.

The total cryptocurrency market capitalization recovered approximately $80 billion in a day, rising to $2.330 trillion, reinforcing the broad-based nature of the rebound led by the major assets.

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