The cryptocurrency market is showing signs of a rebound, with Bitcoin (BTC) crossing the $98,000 mark. This unexpected surge has given traders a sense of cautious optimism after a period of slumping prices. Altcoins have also benefited from Bitcoin’s upswing, showing gains between 5% to 10% from their recent price floors.
This positive momentum suggests a potential shift in the market sentiment, indicating that the downturn may be coming to an end. Traders are watching these movements closely to understand whether this is a sustained trend or just a temporary spike.
