The cryptocurrency market has experienced a solid rebound in the last 24 hours, several major parts recorded solid price increases. Global market capitalization increased by almost 2% to 3.73 billions of dollars, reporting a renewal of investors’ interests after days of uncertainty.
Bitcoin (BTC) climbed 1.16% to negotiate $ 114,797, while Ethereum (ETH) jumped 3.69%, now above $ 3,570. Altcoins also joined the rally. XRP experienced a sharp increase of 6.65%, bouncing $ 3.01, making it one of the best winners of the day.
Cardano (ADA) increased by 3.76%, Dogecoin (Doge) won 3.37% and Solana (soil) added 2.29%, continuing its upward trend with more than 14% of earnings last week. SU and Stellar (XLM) jumped 2.52% and 10.36% respectively.
The sudden change in the feeling of the market comes when Trump Media & Technology Group announced a major Bitcoin purchase, adding a value of $ 2 billion in BTC to its treasure. This decision brought its total assets to $ 3.1 billion.
With the Fear & Greed index now seated at a 52 neutral, the market seems to balance between prudence and confidence.
Bitcoin sees a temporary rebound
Bitcoin returned above $ 114,000, showing a slight recovery after its recent drop. However, according to current cards and market signals, it may not yet be the complete inversion. Analysts said Bitcoin could still retain support levels between $ 110,000 and $ 109,000 in the short term. The good news is that Bitcoin is not far from the surveillance area, which suggests that the correction could approach its end.
Despite short-term uncertainty, Bitcoin remains well above its 200-day mobile average, a key technical indicator which signals the global trend is still optimistic. This movement is considered a healthy retain rather than a sign of weakness. Models like a reverse head and shoulders on the graph also refer to a possible upward escape in August.
