Bitcoin leads the trend, rising over 7% in the past 24 hours to around $92,900, pushing the total market capitalization to about $3.15 trillion, up 7% in a single day.
The strong recovery comes amid improved industry sentiment. The Fear and Greed Index has risen to 22, still in the "fear" zone but significantly higher than the extreme fear levels earlier in the week. Trading activity remains high, with Bitcoin alone recording over $84.8 billion in volume in 24 hours—a sign that investors are increasing their positions rather than waiting for the next correction. Recovery spreads across the entire market Most leading assets are participating in the rally. Ethereum is up 8.9% to $3,060, with trading volume over $29 billion. XRP is up 9% to $2.20, bringing the token back into a short-term uptrend. BNB is up more than 8% to around $898, continuing its solid recovery momentum. Solana is among the strongest assets, rising 11.6% in 24 hours to $142, supported by volume close to $7 billion. Stablecoins remain stable, with USDT maintaining at $1 but recording very high daily trading volume of $126.6 billion—a sign that liquidity is returning to the market. Breaking the downtrend? Market analysts believe that a combination of short position liquidations, improved macro environment, and easier ETF access in the US are the main drivers behind today's rally. The CMC20 Index, which tracks top large-cap crypto assets, has increased by 7.87%, confirming that the recovery is broad-based and not limited to Bitcoin. Technical indicators have also improved. The average RSI for the crypto market has reached 55.55, moving the market out of the oversold zone and indicating growing momentum among leading assets. What’s next? Traders are watching to see if Bitcoin can hold above $93,000, an important psychological level. If it closes strongly above this area, Bitcoin may target the next resistance zone around $95,000; if it fails to hold, a retest of the area above $80,000 is likely. For now, market confidence is recovering, but with sentiment still fragile and leverage high, volatility may remain elevated in the coming sessions.
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Bitcoin leads the trend, rising over 7% in the past 24 hours to around $92,900, pushing the total market capitalization to about $3.15 trillion, up 7% in a single day.
The strong recovery comes amid improved industry sentiment. The Fear and Greed Index has risen to 22, still in the "fear" zone but significantly higher than the extreme fear levels earlier in the week. Trading activity remains high, with Bitcoin alone recording over $84.8 billion in volume in 24 hours—a sign that investors are increasing their positions rather than waiting for the next correction.
Recovery spreads across the entire market
Most leading assets are participating in the rally.
Ethereum is up 8.9% to $3,060, with trading volume over $29 billion.
XRP is up 9% to $2.20, bringing the token back into a short-term uptrend.
BNB is up more than 8% to around $898, continuing its solid recovery momentum.
Solana is among the strongest assets, rising 11.6% in 24 hours to $142, supported by volume close to $7 billion.
Stablecoins remain stable, with USDT maintaining at $1 but recording very high daily trading volume of $126.6 billion—a sign that liquidity is returning to the market.
Breaking the downtrend?
Market analysts believe that a combination of short position liquidations, improved macro environment, and easier ETF access in the US are the main drivers behind today's rally. The CMC20 Index, which tracks top large-cap crypto assets, has increased by 7.87%, confirming that the recovery is broad-based and not limited to Bitcoin.
Technical indicators have also improved. The average RSI for the crypto market has reached 55.55, moving the market out of the oversold zone and indicating growing momentum among leading assets.
What’s next?
Traders are watching to see if Bitcoin can hold above $93,000, an important psychological level. If it closes strongly above this area, Bitcoin may target the next resistance zone around $95,000; if it fails to hold, a retest of the area above $80,000 is likely.
For now, market confidence is recovering, but with sentiment still fragile and leverage high, volatility may remain elevated in the coming sessions.