Bitcoin Bounces Back from $102K Dip, AAVE Soars by More than 20% (Market Analysis)

Amid a series of ups and downs, Bitcoin managed to recover from a drop to under $102,000, hitting a more modest peak of $106,600. The cryptocurrency's market cap has neared $2.09 trillion, with its dominance over other cryptocurrencies standing at 60.7%.

Meanwhile, Ethereum has also bounced back, crossing the $2,500 mark. However, the star of the show has been AAVE, which has ascended by over 20% and is currently trading at $265. Other altcoins such as XRP, SOL, TRX, SUI, LINK, AVAX, SHIB, HBAR, and TAO have also shown positive trends.

The total cryptocurrency market cap has increased by nearly $100 billion since yesterday, reaching $3.450 trillion.