Bitcoin rebounded sharply after sliding to a three week low of 62,500, surging more than 8,000 dollars to briefly touch 70,000. However, strong selling pressure emerged at that level, preventing a breakout and pushing BTC back down near 68,000. Even so, the asset remains up about 4.5 percent on the day, with its market capitalization recovering to roughly 1.36 trillion dollars and dominance holding just above 56 percent.
The recent volatility followed last week’s rejection at 70,000, which triggered a steady decline toward 65,600. Although BTC attempted to recover over the weekend, renewed macro uncertainty and futures market pressure sent it tumbling to 64,400, then eventually to 62,500. Buyers stepped in decisively at that point, fueling the rapid rally back to 70,000 before momentum cooled.
Altcoins posted even stronger gains during the rebound. Ethereum climbed 8 percent to reclaim the 2,000 level, reinforcing speculation that it may have already formed a local bottom. XRP rose 5.5 percent to move back above 1.40, while Solana, Dogecoin, BNB, and HYPE delivered similar advances. Chainlink outperformed many peers with a 9 percent jump.
Cardano stood out among large cap assets, surging 10 percent to approach 0.30. Polkadot led the broader market with a 24 percent spike to around 1.60, while STABLE, Uniswap, and NEAR also recorded impressive double digit gains.
Overall, the total crypto market capitalization has expanded by about 120 billion dollars from its recent lows, climbing to approximately 2.425 trillion dollars as risk appetite returned across digital assets.
