Bitcoin’s price recovery continued over the past 24 hours as the asset managed to return to $90,000 and almost hit $93,000 for the first time since the crash earlier this week.
Altcoins also performed well on the day, with XRP nearing $2.6, while SOL was nearing $150.
The crypto market has seen incredible volatility in recent weeks. On Sunday, as BTC prices stabilized around $85,000 after a sharp rally, President Trump confirmed plans to create a US strategic crypto reserve and mentioned several assets, including bitcoin.
BTC prices immediately surged by $10,000 within hours. However, after hitting a multi-day high, selling pressure mounted and caused the price to fall by $13,000, sending BTC to $82,000 on Tuesday.
However, buyers managed to hold onto the level and did not allow BTC to fall below $80,000. Instead, bitcoin prices rebounded and surpassed the $90,000 mark during the Asian trading session on Thursday.
The rally stalled at $93,000, but BTC still held above $90,000 despite some rejections. Its market cap now stands at $1.8 trillion on CG, while its dominance over altcoins exceeds 58%.
Most altcoins have also posted impressive gains over the past few days. Chainlink and Avalanche lead the list of large-cap altcoins, with LINK surging 7% to $17, while AVAX is approaching $22 after a 5.5% gain.
XRP, SUI, SOL, and DOGE are each up around 3-4%, while ETH, TRX, and LTC are also in the green. Several altcoins such as MOVE, ONDO, and CRO have posted double-digit gains over the past 24 hours.
Overall, the total crypto market capitalization has increased by almost $80 billion since yesterday, bringing the total to $3.080 trillion on CG.
