After a sharp pullback last week, the crypto market has staged an unexpected and powerful rebound. As of today, 92 of the top 100 cryptocurrencies are back in the green, catching many investors and analysts off guard.
The turnaround appears to be driven by a surge in global risk appetite, a wave of renewed institutional interest, and strong technical support across major assets like Bitcoin and Ethereum. According to TradingView data, the total crypto market cap excluding Bitcoin is now back above key support levels, signaling a potential continuation of the upward trend.
Bitcoin and Ethereum Lead the Charge
Bitcoin surged past the 119000 mark today, gaining over 2 percent from its previous session. Ethereum followed closely, rising more than 9 percent in 24 hours to reach above 3370 dollars. Both assets have regained momentum as optimism builds around regulatory clarity and broader economic stability.
Altcoins Join the Rally
This is not just a Bitcoin and Ethereum story. Altcoins across the board have flipped green. Coins like Solana, Avalanche, and Chainlink have posted double-digit gains, benefiting from improved liquidity and renewed market confidence. The fact that over 90 percent of top cryptocurrencies are now rising indicates a broad and healthy recovery, not just isolated rallies.
Risk Appetite Returns
Investors are once again embracing risk. With the stock market pushing higher and global inflation data easing, traders are turning to crypto as a potential high-return opportunity. This shift in sentiment has helped reverse last week’s losses in just a matter of days.
Caution Still Remains
Despite the excitement, analysts warn that volatility remains high. The market is still sensitive to macroeconomic news, especially from the United States and China. Any unexpected policy change or global shock could quickly undo recent gains.
Conclusion
Today’s dramatic shift in market momentum is a reminder that crypto moves fast. With 92 of the top 100 coins turning green, the recovery appears strong and widespread. But while this rebound is promising, traders should remain alert as the next few days will be crucial in confirming whether this rally has real staying power.