Crypto Market Rebounds as Altcoins Surge
- The crypto market increased by 18.54% from this week’s lows.
- Bitcoin (BTC) reclaimed the $100,000 mark after a recent dip.
- Ethereum (ETH) rose back to the $3,400 range.
- Total crypto market capitalization, excluding BTC and ETH, surged by 4% in the last 24 hours.
- Altcoins’ market cap reached $1.1 trillion during the November-December rally.
- Total crypto market capitalization, excluding BTC and ETH, is now at $1.51 trillion.
The cryptocurrency market has shown significant recovery with Bitcoin and Ethereum reclaiming crucial price levels. Altcoins have also gained momentum, contributing to a surge in total market capitalization. Analysts suggest that this could signal the beginning of a new bullish phase for altcoins.
Source (2.6)https://www.newsbtc.com/news/altcoins-about-to-take-off-analyst-says-the-final-shakeout-is-over/?rand=52377
