The cryptocurrency market is showing signs of recovery, with most coins seeing green. Bitcoin (BTC) has managed to stabilize at around $64K, after a 5-week low of $63,400. The derivatives market has also cooled, with total liquidations for the past day at around $27 million, significantly lower than previous days.
Altcoins are also showing signs of recovery, albeit with mild gains. Cardano (ADA) stands out with a 3.7% increase over the past 24 hours, while Toncoin (TON) surged by 6%. Other notable gainers include AVAX, PEPE, and MATIC, each up by 3% to 4.12%.
Despite the recent turbulence, the market is showing resilience, with buyers and sellers attempting to reestablish their positions. As the market continues to stabilize, it's a reminder of the inherent volatility of the crypto market and the potential for swift recovery.