News View Non-AMP

Crypto Market Recovery: Bitcoin Above $80k; XRP Remains Below $2 Despite 5% Jump

Published by
Anjali Belgaumkar

The global cryptocurrency market is showing signs of recovery after a shaky period marked by the infamous “Black Monday” crash on April 7. The market experienced a sharp downturn, with total liquidations surpassing $1 billion within just 24 hours. This sell-off was triggered by the announcement of new tariffs by President Donald Trump, which sent shockwaves through the crypto space and led to widespread panic selling.

Market Rebounds After Crash

However, the tide appears to be turning. As of today, the global crypto market cap has risen to $2.53 trillion, marking a 3.08% increase over the past 24 hours. This rebound signals a potential shift in investor sentiment, although the sustainability of this momentum remains uncertain.

Leading the Recovery: Major Cryptocurrencies on the Rise

Bitcoin (BTC), the market leader, is currently trading at $79,905.69, reflecting a 2.74% increase over the last day and a 3.63% decline over the past week. Ethereum (ETH) follows closely with a price of $1,585.39, up 2.28% in 24 hours.

XRP is trading at $1.90, reflecting a 3.65% increase in the past 24 hours. BNB follows at $561.80, up 1.78% in the same period. Solana (SOL) has risen 7.90% to $111.29, while Dogecoin (DOGE) is up 6.16% at $0.1511. Cardano (ADA) has gained 5.71%, reaching a price of $0.5917.

Market Sentiment and Indicators

Despite the recent recovery, the market sentiment remains cautious. The Fear & Greed Index is at 19, indicating “Extreme Fear.” This suggests that while prices are rebounding, investor confidence is still fragile. The Altcoin Season Index stands at 17/100, indicating that Bitcoin continues to dominate the market, with altcoins slowly catching up.

The Road Ahead

While the current rally offers a glimmer of hope, experts advise caution. The market’s recovery is still in its early stages, and external factors such as regulatory developments and macroeconomic conditions could influence its trajectory.

FAQs

Is the crypto market recovering after Black Monday?

Yes, the global crypto market cap is up 3.08%, signaling early signs of recovery after the recent crash.

Which altcoins are gaining momentum now?

Solana, Dogecoin, and Cardano are leading altcoin gains, each up over 5% in the past 24 hours.

Anjali Belgaumkar

Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.

Recent Posts

Undervalued Crypto With Real Utility? This $0.03 Lending Token Could Do What Binance Coin (BNB) Did in 2020

In the crypto space, utility-driven tokens have historically demonstrated explosive growth, with Binance Coin (BNB)…

June 28, 2025

Will XRP Price Hit $5 in 2025?

After nearly four years, Ripple has officially ended its long-running legal battle with the U.S.…

June 28, 2025

Altcoin Bull Run Ahead? Top Analyst Says the Bottom Is In!

Altcoins may have just hit rock bottom — and that might be great news for…

June 28, 2025

Ripple SEC Lawsuit Ends – XRP ETF Incoming? Price Set to Break $3 Soon!

After 4 years of long courtroom drama, Ripple’s legal fight with the SEC has finally…

June 28, 2025

Gemini Launches Tokenized US Stocks in EU, Starting With MicroStrategy (MSTR)

Cryptocurrency exchange, Gemini, has announced the launch of its first tokenized US stock, MicroStrategy (MSTR),…

June 28, 2025

Why Altcoin Season Isn’t Here Yet?

Altcoin season has not arrived yet, and expert Benjamin Cowen has explained why in his…

June 28, 2025