LAB, H, and BEAT emerged as the strongest performers of the day, each posting impressive double digit gains.
The cryptocurrency market has shown signs of recovery over the past 24 hours after Friday’s sharp selloff. Bitcoin has continued its rebound from below $60,000 and is now approaching the $63,000 mark. Major altcoins have also regained momentum, with Ethereum climbing toward $1,650 and XRP recovering above important support levels at $1.10 and $1.15.
Bitcoin Pushes Higher After Steep Decline
The past week was one of the most challenging periods for the crypto market in recent months. Bitcoin began the week trading near $73,000 before entering a sustained downturn. The leading cryptocurrency slipped below $70,000 and later fell to around $65,000 by midweek.
An attempt to recover toward $67,000 proved short lived, as selling pressure quickly returned. Conditions worsened significantly on Friday when bears drove Bitcoin below $60,000 for the first time since late 2024, a level that held even during the market turbulence seen earlier in the year.
One positive development was that the market weakness was not limited to digital assets. Traditional financial markets and gold also came under pressure, with losses accelerating following a stronger than expected United States jobs report.
After reaching its lowest point in months, Bitcoin staged a swift recovery. The asset quickly reclaimed $60,000, moved above $61,000 on Saturday, and has now climbed close to $63,000.
Bitcoin’s market capitalization has risen beyond $1.25 trillion, while its share of the overall cryptocurrency market remains above 56 percent.
Altcoins Join the Recovery
The broader altcoin market has also bounced back after suffering heavy losses during the recent correction.
Ethereum, which briefly dropped to around $1,500, has recovered to nearly $1,650 following a daily gain of about 4 percent. BNB is approaching the $600 level, while XRP has successfully reclaimed support at both $1.10 and $1.15 after falling as low as $1.05 on Friday.
Other major cryptocurrencies, including Solana, TRX, Dogecoin, RAIN, and XLMR, have recorded gains of up to 4 percent. ZEC continues to recover from recent fear, uncertainty, and doubt in the market, surging 8 percent to reach $400.
Additional gains have been seen across LINK, CC, SUI, SHIB, TAO, UNI, and WLD, all of which are trading higher on the day. Among smaller capitalization tokens, LAB, H, BEAT, SIREN, and M have delivered standout performances with double digit increases.
As a result of the widespread rebound, the total cryptocurrency market capitalization has recovered approximately $150 billion from Friday’s lows and now stands at around $2.24 trillion.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
