In the past 24 hours, the cryptocurrency market has shown a significant recovery. Major assets like Bitcoin, Ether, and XRP surged after a period of extreme volatility triggered by geopolitical events in the Middle East. Altcoins including JUP and HYPE were noted as top performers, posting double-digit gains. The total crypto market capitalization increased by approximately $100 billion to approach $2.4 trillion, data shows.
Bitcoin experienced intense volatility, dropping to around $63,000 before rebounding sharply to over $68,000. It now trades just below $67,000, according to its chart on TradingView.
Ethereum has surged 7.5% to trade close to $2,000 as the broader market recovers. Ripple’s XRP, up 8% to almost $1.40, reclaimed the fourth-largest market cap position.
Other major altcoins also posted strong gains, with SOL, DOGE, ADA, and LINK all rising between 7% and 9%. Among larger caps, HYPE led with a 15% surge to $31.
Assets such as JUP, NEAR, and PUMP joined HYPE as double-digit gainers on a daily scale. The top performers suggest a broad-based recovery across various market segments.
Bitcoin’s market capitalization stands at $1.335 trillion, with its dominance over altcoins remaining just above 56%. The recovery follows a sharp decline linked to reported attacks between the US, Israel, and Iran.
