- Bitcoin, Ethereum, and other altcoins recover from recent losses, with Bitcoin surging past $62,000.
- Top altcoins like Solana, XRP, and Cardano also record significant gains.
- Positive ETF flows could be triggering the rebound in Bitcoin price.
Today’s crypto market sees a rebound as Bitcoin surges past $62,000, Ethereum surpasses $2,900, and other altcoins follow suit with significant gains. The recovery could be triggered by positive ETF flows.
Bitcoin Leads the Rebound
Bitcoin (BTC) price extended above the $62,000 mark, showing a recovery from recent dips. Its trading volume spiked 65.26% to $27.70 billion in the last 24 hours, and the market capitalization stood at $1.23 trillion.
Ethereum Follows Suit
Ethereum (ETH) also recorded an uptick, surpassing the $2,900 level. Its trading volume jumped 53.71%, reaching $12.23 billion, with a market valuation of $353.40 billion.
Altcoins Mirror the Upward Trend
Top altcoins like Solana (SOL), XRP, and Cardano (ADA) also noted a significant uptick. Solana approached the $150 level with a 6.39% rally, while XRP managed to attain the $0.50 mark again with a 2.99% gain. Cardano was up 2.42% to $0.4372.
Conclusion
The crypto market today witnessed a rebound, led by Bitcoin and followed by Ethereum and other altcoins. The recovery could be attributed to positive ETF flows, marking a resurgence in the market. However, investors should do their market research before investing in cryptocurrencies.
