The cryptocurrency market has shown a significant recovery over the past 24 hours. The rise in Bitcoin and Ethereum has restored investor confidence, while strong gains were also seen in altcoins such as XRP, Cardano, Solana, and Dogecoin. This broad-based rebound in crypto assets is being supported by increasing trading volumes.
Bitcoin Signals Confidence: A New Wave of Growth After dropping to $103,594 on October 17, Bitcoin (BTC) quickly rebounded to $111,360, marking a 7% increase from its recent low. BTC’s 24-hour trading volume reached $55.91 billion, while its market capitalization climbed to $2.19 trillion, reinforcing its position as the market leader. This recovery came as investors increased their buying positions following ETF outflows and a decline in U.S. Treasury yields.
During Bitcoin’s rebound, remarks from Jack Dorsey, co-founder of Block Inc., also drew attention. Speaking on the X platform, Dorsey reiterated that Bitcoin represents the purest form of digital money. Market analysts noted that BTC is testing a key technical resistance level between $108,000 and $110,000; if this zone is breached, a move toward $112,000–$115,000 could be possible.
