#LitecoinETF Litecoin steals the show as Bitcoin recovers from 2-week low

The crypto market has added nearly $100 billion in value since yesterday’s low.

Bitcoin’s disappointing price action took the asset to a two-week low of $93,500 yesterday, but it has bounced back and is now nearly $3,000 above that level.

Most altcoins have also recovered after yesterday’s crash, but Litecoin has taken the lead by outperforming the rest of the market.

BTC Rebounds

Since bouncing to $99,000 on Valentine’s Day, the leading cryptocurrency has struggled to maintain stability. At that point, bears quickly rejected the breakout attempt and pushed the price down to $97,000, where it spent most of the weekend.

Monday started with another price drop, but the $95,000 support held firm. After another failed attempt to break above $97,000 on Tuesday, Bitcoin suffered another slump, falling below $93,500. This was its lowest price mark since the early February crash, when it fell below $92,000.

Although there are several bearish signs at the moment, BTC has managed to recover and is now above $96,000. This is a small daily increase, but it has helped its market cap surpass $1.9 trillion.

Its dominance over altcoins has fallen slightly to just under 58%, as some have posted impressive gains in the past 24 hours.

Litecoin steals the spotlight

As mentioned earlier, many altcoins suffered sharp declines yesterday. However, on a daily scale, most of them are slightly in the green, including ETH, SOL, BNB, TRX, and XLM. In contrast, XRP, ADA, DOGE, LINK, and AVAX have seen minor declines.

Litecoin stands out once again. LTC has surged over 10% in a day and is now close to $140, with even more bullish predictions. Other notable gainers among large-cap altcoins include APT (13%) and TAO (7.5%).