Bitcoin regained momentum and moved back above the $60,000 mark after a volatile trading session, while major altcoins also posted gains despite ongoing concerns over ETF outflows.
After falling to an intraday low of around $58,300, Bitcoin staged a strong rebound as buyers stepped in and pushed prices higher. At one point, BTC briefly traded above $61,000 before settling near $60,500.
The asset is now up nearly 3 percent over the past 24 hours, with its market capitalization recovering to approximately $1.2 trillion.
Bitcoin Rebounds but Market Caution Remains
Although Bitcoin has regained the key $60,000 psychological level, broader market sentiment remains cautious following several days of sustained selling pressure.
The total cryptocurrency market capitalization has risen to about $2.16 trillion, marking a 2 percent increase over the last 24 hours. Daily trading volume has also climbed above $83 billion.
Bitcoin’s market dominance remains above 56 percent, indicating that while altcoins are recovering, they are still struggling to significantly outperform BTC.
Ethereum also moved higher alongside Bitcoin, gaining around 3 percent to trade near $1,625. Despite the rebound, ETH remains well below the highs recorded earlier this year.
Solana and Bitcoin Cash Lead Altcoin Gains
Several major altcoins joined the market recovery, with Solana and Bitcoin Cash emerging as standout performers.
Solana rose more than 4 percent, making it one of the strongest performers among the top ten cryptocurrencies. Bitcoin Cash posted even stronger gains, climbing roughly 5 percent.
Cardano also moved higher, with ADA gaining over 3 percent. Chainlink recorded similar gains during the session.
Meanwhile, XRP traded near $1.06 after posting modest gains. XRP related ETF products have continued to attract inflows, standing out at a time when Bitcoin and Ethereum ETFs are experiencing notable outflows.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
