Bitcoin, Ethereum Rebound Boost Cryptos Market Cap to $3.68T
The crypto market climbed by 1.39% in the last 24h, partially recovering from a 10.23% monthly decline amidst institutional accumulation. BitMine adding $1.5 billion in ETH during recent dips.
Retails investors selloffs dominated trading activities last week.
According to market analysts, Japan’s potential crypto banking rules boosted sentiment that reversed negative trend in the cryptocurrencies market on Sunday.
Market signals highlighted a rebound from oversold across tokens, altcoins and stablecoins – lifting market capitalisation of all Cryptos by 1.57% in 24 hours to $3.68 trillion.
Trading data across traded also revealed that volatility increases into the weekly close as thin order books see $200 million in 24-hour liquidations.
Reflecting initial mixed sentiment, uncertainties amidst US Govt shutdown, Bitcoin and Ethereum falling 10.54% and 7.91% week on week respectively.
Before it rebounded, Bitcoin slipped below USD105, 000, pressured by renewed U.S. China trade tensions that dampened risk sentiment across digital assets.
The downturn was further exacerbated by forced liquidations and sizable fund outflows. Similarly, Ethereum and other altcoins posted steep losses amid the broader market sell-off.
ETH could target a breakout toward the channel’s upper boundary, around the $4,450-4,500 area in October, if the recovery momentum sustains.
MarketForces Africa reported that Bitcoin’s price briefly fell into the low $104,000s during the worst of the retreat on Friday before partial recoveries arrived the next days.
That sharp move wiped out gains that had accumulated over recent months and created a rapid re-ranking of the richest-by-paper-wealth lists.
On Sunday, BTCUSD is priced at $108,398, up by 1.43% over the day while Ethereum is trading at $3972, up by 2.72% over the same period. The market remains volatile, and some smaller cryptocurrencies are making uptrend.
XRP is stuck in a spot traders already hate with quotes at $2.37 today after a fast trip to $2.19, and charts are showing the same problem — the price is breaking down through the middle line of the Bollinger Bands and now heading toward the bottom edge.
After weeks of decline, recent on-chain data indicates a spike in network activity and possible reversal momentum, suggesting that XRP may be poised for a significant change in market direction.
Solana (SOLUSD) is climbing at the time of writing, trading at $ 190.53 but sustaining momentum appears dicey. SOL price is showing strength after winning over key levels.
The RSI signals weak buying conditions, suggesting a potential short-term pullback. If $200 breaks, the next support lies near $187.43. The resumption of the uptrend could push prices toward $252.01, then eventually to $270.41. #Bitcoin, Ethereum Rebound Boost Cryptos Market Cap to $3.68T
