Bitcoin (BTC) has rebounded to over $94,000, marking a recovery of $20,000 since April’s crash. Altcoins like ETH and SUI have seen substantial gains, with ETH up 10% and SUI surging nearly 30%. The total crypto market cap has exceeded $3.050 trillion, supported by improved market conditions.
Cryptocurrency prices have been volatile, with Bitcoin (BTC) recently recovering to approximately $94,000 after a significant drop below $75,000 during the April 7 and 9 crash. In the last two weeks, BTC has regained around $20,000, reflecting improved market conditions following a pause in tariffs across many nations. Following a period of sideways trading at $84,000, BTC surged past $87,000 last Monday, broke through $90,000, and reached just above $94,000, marking its highest level since early March. The market capitalisation of BTC now stands at $1.870 trillion, maintaining a dominance of over 61% in the market.
As the market stabilises, various altcoins have registered significant gains. Ethereum (ETH) has risen by 10%, hitting a peak of $1,800, while other cryptocurrencies such as ADA, DOGE, AVAX, LINK, and XLM have displayed double-digit increases as well. Notably, SUI has achieved remarkable growth of over 27% in a single day, approaching the $3 mark. Other cryptocurrencies like XRP, SOL, HBAR, TON, and LTC have also seen positive movement, albeit in modest single-digit percentages. Overall, the total market capitalisation of all cryptocurrencies has surged by approximately $200 billion, reaching above $3.050 trillion in total value, reflecting renewed investor interest in the sector.
