#MarketRebound The crypto market is bouncing back in a big way! Bitcoin (BTC) has surged past $66,000, marking a strong recovery from recent lows. Ethereum (ETH) is also gaining momentum, now trading around $1,795 with a 10%+ jump in the last 24 hours. This rebound isn’t just limited to the top two—altcoins like Solana (SOL) and Avalanche (AVAX) are also seeing solid gains, with SOL nearing $160 and AVAX back above $40.
Several factors are fueling the rally: reduced short positions on major exchanges, growing institutional interest, and improving macroeconomic sentiment. Trading volumes have spiked across the board, showing renewed enthusiasm in the space.
On-chain activity is also picking up, with more wallets accumulating rather than selling—always a bullish signal. While volatility is still part of the game, this sharp rebound has many traders and investors hopeful that we’re at the start of a broader market uptrend.