Crypto market rises from the dead, scoops up $100 billion in a day
The post Crypto market rises from the dead, scoops up $100 billion in a day appeared com. The cryptocurrency market has mounted a powerful comeback over the past 24 hours, reclaiming roughly $100 billion in value. This influx of capital pushed total market capitalization from $2. 85 trillion to $2. 95 trillion as of press time. The rebound follows a week of intense volatility and widespread concern that a deeper market unraveling could be underway. 30-day crypto market cap chart. The retreat, which came after its record run to $126,000 last month, heightened market anxiety and sparked talk of a potential trillion-dollar collapse. At the time of reporting, Bitcoin had gained 3. 42% to trade at $86,596. Ethereum (ETH) rose 4. 51% to $2, 835. 07, supported by renewed inflows after a muted start to the week. XRP delivered one of the strongest advances, climbing 7. 72% to $2. 04, while BNB added 3. 90% to reach $847. 07. Solana gained 4. 40%, lifting its price to $131. Top crypto gainers. S. monetary policy, with odds now tilting toward a possible Federal Reserve rate cut in December. Recent comments signaling openness to policy easing helped calm fears that resilient economic data would prolong tighter financial conditions. Analysts note that the recent downturn was intensified by tariff concerns, dollar strength, and widespread liquidations across leveraged positions. The cleanup flushed out excess froth from the market, creating conditions that may support a more constructive recovery if macro headwinds ease. On the other hand, technical readings added fuel to the rebound, with marketwide RSI levels plunging into extreme oversold territory. Bitcoin’s RSI briefly matched capitulation depths last seen during the FTX crisis, triggering contrarian buying as the asset defended key support around $80,600. With the market.
