Bitcoin Rebounds to $65K, Altcoins Follow as Crypto Market Recovers

Bitcoin’s journey over the past week has been marked by dramatic swings. The cryptocurrency faced violent rejections early in the week as it attempted to reclaim the $70,000 level, subsequently correcting to around $66,000 by Wednesday. A brief recovery pushed it above $68,000 during the weekend, but macro uncertainty—specifically surrounding new global tariff developments—triggered another downturn. When futures markets opened on Sunday evening, BTC nosedived, plummeting over $4,000 in just over an hour to under $64,500.

The bearish pressure continued into Tuesday, driving Bitcoin to a new three-week low of $62,500. It was at this critical juncture that bullish momentum finally emerged. The asset surged roughly $4,000 from that low, reaching near $66,500 before being stopped and settling above $65,000. This represents a daily gain of about 3%. Consequently, Bitcoin’s market capitalization has reclaimed the $1.3 trillion mark, and its dominance over the altcoin market has climbed above 56%, underscoring its central role in the market’s movements.

Mirroring Bitcoin’s recovery, most major altcoins have turned green. Ethereum, which had dipped to $1,800, has risen $100 to trade near $1,900. XRP has successfully reclaimed a crucial support level at $1.36, while Binance Coin (BNB) has neared the $600 threshold. Other notable cryptocurrencies like Tron (TRX), Dogecoin (DOGE), Bitcoin Cash (BCH), and Cardano (ADA) are also in positive territory daily, indicating widespread buying interest beyond the market leader.

Among the larger-cap altcoins, Solana (SOL) and Monero (XMR) have posted the most impressive gains. SOL surged 7% to reach $82, while XMR climbed above $335. This outperformance highlights selective strength within the altcoin segment. Furthermore, the recovery has been broad enough to impact the market’s hierarchy, with tokens like KITE entering the top 100 altcoins following a massive 20% daily surge, followed by gains in MORPHO, LEO, and WLFI.

The collective rally has significantly bolstered the total cryptocurrency market capitalization, which has recovered around $80 billion in a single day to reach approximately $2.330 trillion. This swift rebound adds roughly $80 billion in value and suggests that the recent sell-off, potentially exacerbated by reactions to tariff news, may have been overextended. The recovery to a $2.33 trillion total market cap points to resilient underlying demand.

This market-wide upswing, led by Bitcoin’s bounce from $62,500, demonstrates the cryptocurrency market’s capacity for rapid sentiment shifts. While macro uncertainties remain a factor, the ability of major assets like Bitcoin, Ethereum, and Solana to recover key price levels provides a technical foundation for cautious optimism. The increase in Bitcoin’s dominance to above 56% also indicates that capital is flowing back into the flagship asset, which often sets the tone for altcoin performance in subsequent phases.