In the wake of the recent market-wide crash, Bitcoin's price recovery continues, with the asset nearing $62,500 before retracing several hundred dollars. The altcoins, including ETH and BNB, are also showing slight gains on a daily scale, with ETH approaching $3,400 and BNB closing at $580.

Last week, Bitcoin's price was over $66,000, but it started to lose ground on Friday, slipping below $64,000. The market took a turn for the worse on Monday when disturbing Mt. Gox news led to a significant drop in BTC's value, slumping to $58,450 for the first time in nearly two months.

Despite warnings that BTC might dump to $50,000 or even $45,000, the asset reversed its trajectory and jumped to $61,000 yesterday morning. It continued to rise throughout the day, touching $62,400 later on. However, Bitcoin failed to maintain this level and has retraced by almost a grand. Its market cap stands below $1.220 trillion, and its dominance over the altcoins has decreased to 50.7%.

Altcoins such as ETH, BNB, SOL, TRX, and DOT have also seen minor gains, while PEPE and STX have emerged as the top performers among the largest 36 crypto assets, with increases of 9%. The total crypto market cap has risen by 1.1% in the past 24 hours to $2.4 trillion.