The global cryptocurrency market stages a sharp rebound, adding roughly $100 billion in total market capitalization over the past 10 hours. The move follows a period of intense volatility that previously erased large amounts of value across digital assets.
Gains are driven primarily by a recovery in Bitcoin and Ethereum, as traders return to the market after heavy liquidations and panic selling earlier in the week. The rebound reflects short covering and renewed risk appetite among crypto investors.
Analysts note that rapid capitalization swings have become common during periods of heightened leverage and thin liquidity in digital asset markets. While the bounce restores part of recent losses, volatility remains elevated across major tokens.
