After several days of declining prices, Bitcoin’s value has finally begun to recover, reaching above $99,000 earlier today. This upturn in fortunes is mirrored across the altcoin market, with many experiencing significant daily gains in the double digits. Despite initial concerns about a potential bear market, it appears that the recent downturn may have been a mere correction rather than the end of the bull run.
As of now, Bitcoin’s market capitalization stands at approximately $1.95 trillion, while its dominance over other cryptocurrencies remains strong at 54.6%. Meanwhile, alternative coins such as Ethereum, Ripple, and Binance Coin have also seen significant improvements in their values since yesterday’s massacre.
The overall crypto market cap has rebounded to over $3.55 trillion, indicating a promising outlook for the industry.
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