Bitcoin Reclaims $91K as Crypto Market Adds $130B

Bitcoin’s November correction reached its most severe point last week when bears drove the cryptocurrency below $81,000 on Friday, marking its lowest price point in approximately seven months. This represented a staggering loss of over $25,000 in just ten days, creating significant concern among investors. However, the bulls finally intervened at this critical juncture, preventing a further breakdown below the psychologically important $80,000 level and setting the stage for a substantial recovery.

The turnaround began over the weekend as Bitcoin bounced to $84,000, then continued climbing as the new business week progressed. The cryptocurrency faced significant resistance at $88,000 and $89,000, being stopped on multiple occasions before finally breaking through the coveted $90,000 barrier. The breakthrough occurred overnight, with BTC continuing its rally on Thursday to near $92,000, establishing a new weekly high and demonstrating the resilience of buyer support at lower price levels.

This recovery has boosted Bitcoin’s market capitalization to $1.830 trillion while simultaneously increasing its dominance over altcoins to more than 57% after having dumped below 56.5% just days earlier. The rapid resurgence underscores Bitcoin’s continued position as the market leader, with its performance outpacing most alternative cryptocurrencies during this recovery phase.

While Bitcoin led the charge, most altcoins also registered gains, though few could match BTC’s impressive performance. Ethereum, the second-largest cryptocurrency by market capitalization, jumped by over 4% to reclaim the psychologically significant $3,000 level. XRP returned to $2.20, showing steady recovery alongside other major assets including BNB, Solana (SOL), Cardano (ADA), and Chainlink (LINK), all of which gained approximately 3-4% on daily timeframes.

Among the larger capitalization altcoins, Avalanche (AVAX) and Mantle (MNT) emerged as the top performers, each surging by more than 6.5% and demonstrating stronger relative strength than most peers. However, the most dramatic moves came from smaller assets, with Kaspa (KAS) skyrocketing by 21%, followed by Flare (FLR) with 11% gains and SKY posting a 10% increase. These performances highlight the continued appetite for risk among certain segments of the crypto market, even as Bitcoin reasserts its dominance.

The broader cryptocurrency market added over $130 billion in a single day, reclaiming the $3.2 trillion mark and signaling a significant recovery in investor confidence. This market-wide rebound comes after a period of substantial pressure that saw total market capitalization decline significantly during Bitcoin’s correction phase. The synchronized recovery across multiple assets suggests renewed institutional and retail interest entering the market at these levels.

The recent price action reveals important shifts in market dynamics, particularly regarding Bitcoin’s relationship with altcoins. Bitcoin’s dominance increasing to over 57% indicates that capital is flowing disproportionately into the flagship cryptocurrency during this recovery phase. This pattern often occurs during periods of market uncertainty or recovery, as investors seek the relative safety and liquidity of Bitcoin compared to smaller, more volatile altcoins.

The fact that very few altcoins were able to match Bitcoin’s gains over the past 24 hours underscores this dynamic. While assets like HYPE, LINK, and ADA posted respectable gains, they failed to outperform Bitcoin during this specific recovery window. This performance gap suggests that traders and investors are prioritizing established, high-liquidity assets in the current market environment, potentially signaling a more cautious approach to risk-taking despite the overall positive sentiment.

The total crypto market’s reclamation of the $3.2 trillion level, combined with Bitcoin’s strong recovery from multi-month lows, provides technical confirmation that the recent correction may have found a bottom. The market’s ability to add $130 billion in a single day demonstrates substantial buying power waiting on the sidelines, ready to deploy capital when prices reach attractive levels. This sets the stage for potential continued momentum, though resistance levels around $92,000 for Bitcoin will be crucial to watch in the coming sessions.