The Cryptocurrency Market Rebounds Strongly
After a week of losses, the cryptocurrency market has rebounded quickly. With names like Bitcoin, Solana, and Pepe dominating the market, the brief correction period appears to be over.
Bitcoin’s Resurgence and Positive Momentum
The largest cryptocurrency on the market made a comeback over the weekend, surging 3.40% in 24 hours. Its 7-day growth chart shows a gain of 3.08%, while the value has increased by 15% over the past month. BTC has climbed back to the $70,000 mark, stimulated by news such as the resurgence of BTC addresses from the Satoshi Nakamoto era and Hong Kong’s adoption of Bitcoin as a reserve.
Strong Performance of Solana and Pepe
Solana has shown impressive performance, gaining 5.88% in 24 hours and 7.72% in 7 days. The SOL coin has surged from $174 to $193, with a monthly increase of 38.10%. Global investors are showing interest in SOL, anticipating a break above the previous 52-week high of $209. On the other hand, Pepe has outperformed other meme coins with a notable 24-hour growth of 4.36% and a reported 80% value increase in Q3 2024.
Market Recovery and Positive Outlook
Despite recent volatility, Ethereum has grown by 4.39% since the SEC approved the ETH ETF in the United States. While ETH is down 4% in the past week, analysts predict a rebound as ETF revenue flows in. In contrast, Notcoin has shown volatility with losses in the past week but gained 2.01% in the last 24 hours, indicating a potential bullish trend ahead. As the market recovers, experts expect the positive momentum to continue in the coming days.
