After few days of falling prices, the crypto market is bouncing back. Bitcoin has moved above 105000 dollars, recovering from a sharp drop earlier this week. Ethereum, Luna Classic, Solana, and other top coins are also trading higher today, showing that confidence may be returning.
Why the Market Dropped
The market was under pressure due to global tension in the Middle East and cautious comments from the US Federal Reserve. These concerns caused many traders to sell.
Why It’s Bouncing Back Now
But things changed fast. A ceasefire in the Middle East helped calm global markets. At the same time, Bitcoin showed strength by holding above the key 100000 dollar level. On-chain data now shows large holders are buying again.
What to Expect Next
The crypto market is still volatile, but today’s move could be a sign that investors are ready to buy again. If Bitcoin stays above 103,000 dollars and LUNC holds its gains, more upside could follow.
Analysts at FXStreet and CoinDesk say momentum will likely depend on whether the US avoids further interest rate hikes and how long the current calm in global politics lasts.
Conclusion
Crypto is showing real strength today after a rough weekend. Bitcoin and Ethereum are rising, and LUNC is outperforming with double-digit gains. While risks remain, many see this rebound as a sign that the next bullish phase might be starting.