#BTCRebound

Bitcoins rebound is gaining momentum with its price surging to $87435 showing a 2.68% increase over the past 24 hours this upward trend is accompanied by a 2.03% rise in the overall crypto market capitalization which has reached $2.88 trillion.

The 24 hour spot volume has also increased by 5.18% to $35.44 billion.

Several factors are contributing to Bitcoins rebound Dollar Weakness A weakening US dollar as indicated by the Dollar Indexs 0.5% drop to 98.75 is creating a favorable environment for risk on assets like Bitcoin.

Increased Trading Volume Bitcoins trading volume on major exchanges like Binance has risen with a 10% increase in BTC/USD trading volume.

Technical Indicators Bitcoins Relative Strength Index RSI is at 65 indicating potential for further gains while the Moving Average Convergence Divergence MACD shows a bullish crossover.

Other notable cryptocurrency movements include

Ethereum Trading at $1640 with a 1.53% increase and showing potential for a Q2 recovery.

Solana Priced at $140.98 with a 0.07% risetop Gainers $LOOM and $TAO with 153% and 9.09% increases respectively.