Bitcoin continued to experience wild volatility in the last 24 hours, falling below the $60,000 mark before rebounding to a total market cap of over $1.5 trillion.

BTC price rebounds above $61,000

This week has been full of twists and turns for the major cryptocurrencies, and today looks like another day of change. On Sunday, the price of Bitcoin was stable above $66,000, but it quickly depreciated in the following days.

On Monday, Bitcoin fell to $63,000, and although it rebounded to $64,000, it fell to $62,000 on Tuesday and continued its downward trend on Wednesday. On Thursday, Bitcoin fell below the $60,000 mark several times, hitting a three-week low.

However, in a recent pullback, bulls managed to hold this key price. Since then, the price of Bitcoin has risen by more than $1,500 and is currently stable at around $61,500. At the same time, its market value has also increased by more than $20 billion to nearly $1.220 trillion. However, Bitcoin's dominance in the altcoin market has declined, and its share on CG has now dropped to 54.4%.

Altcoin market gradually recovers

Led by Bitcoin, most altcoins have also experienced price declines. However, these altcoins have now successfully stopped the decline and are showing signs of stabilizing and recovering.

After rising by 1-2%, Ethereum (ETH) is close to $2,400, and Binance Coin has reached $550. In addition, Solana, Ripple, Tron and Bitcoin Cash, etc. have also achieved similar gains overnight.

More notably, the price increases of altcoins such as Dogecoin (DOGE), Shiba Inu (SHIB) and Chainlink (LINK) are more significant. Among them, the price of Aptos soared by 10% to a high of nearly $9. In addition, BEAM and AAVE have also increased by 9.5%.

Overall, the total market value of the cryptocurrency market has increased by about $40 billion in one day, and the market value on CG has increased to $2.240 trillion

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