Bitcoin rebounded from a drop to $102,000, AAVE surged over 20%

AAVE is the largest gainer among today's top altcoins by market cap.

Bitcoin's volatility began on Sunday evening, doubling down on Monday with a drop that saw it fall to $107,000, subsequently dropping over $5,000 before rebounding to nearly $107,000, and has seen a slight decline in the past few hours.

Many altcoins have impressive daily gains, including ETH, which has surpassed $2,500.

BTC's Surge

At the end of last trading week, bears seemed to dominate, pushing Bitcoin below $102,000 on Thursday. However, Bitcoin quickly rebounded, soaring above $103,000 on Friday and consolidating around that level for most of the weekend.

However, by Sunday evening, this cryptocurrency began to gain momentum, skyrocketing to $106,000. It briefly stalled and fell below $103,500, but in the following hours, bulls initiated a more impressive price surge, leading Bitcoin to break above $107,000 for the first time since January of last year.

Just as Bitcoin approached its historical high, the market landscape shifted again, and Bitcoin dropped to $102,000. However, this was not the end of the wild ride, as it surged again, this time reaching a more moderate peak of $106,600.

It stalled once more, but as of now, it remains above $105,000. Its market cap on CG has approached $2.09 trillion, and its dominance over altcoins has reached 60.7%.

AAVE Soars

Many altcoins have erased yesterday's losses. For example, Ethereum has rebounded to over $2,500 after a daily increase of 5.5%. XRP has held its crucial support level, currently at $2.35. SOL, TRX, SUI, LINK, AVAX, SHIB, HBAR, and TAO have all seen gains of up to 7%.

However, AAVE stands out among the larger altcoins. This asset has surged over 20%, currently trading at $265.

Since yesterday, the total market cap of cryptocurrencies has increased by nearly $100 billion, reaching $3.45 trillion on CG.