#MarketRebound 🚀
Bitcoin leads crypto market recovery
The cryptocurrency market is seeing broad-based gains today, with Bitcoin trading around $109,300.00, up over 3.5% in the last 24 hours. This marks its highest level since late May and reflects a 7.5% gain from its monthly low.
The rally represents a significant technical breakthrough for the world's largest cryptocurrency by market capitalisation. Bitcoin's move above the $109,000.00 level has broken through key resistance that had held since the late May highs.
This surge comes after a period of consolidation that saw Bitcoin trading in a relatively narrow range throughout early June. The breakout suggests renewed buying interest and potentially sets the stage for further gains if momentum continues.
The move also demonstrates Bitcoin's continued correlation with broader risk assets, as the cryptocurrency responds positively to improved global sentiment and reduced uncertainty around international trade relations.
