Bitcoin (BTC) climbed back above $90,000, while Ethereum approached $3,000, and most of the market moved into positive territory.

Market overview

Following yesterday’s decline, the market showed a recovery with a broad-based advance across major cryptocurrencies and many smaller tokens alike.

Bitcoin nearly fully recouped its prior losses, supporting renewed risk appetite among traders and contributing to gains across spot and derivatives segments.

Bitcoin dynamics

BTC’s return above $90,000 reflects short-term buying pressure concentrated at key support levels and reduced selling intensity since the drop.

Market participants noted the price action as a partial reversal of the previous session’s move, with bids reappearing around recently tested ranges.

Ethereum and broader market

Ethereum approached the $3,000 mark, contributing to the overall market breadth as many altcoins recorded gains alongside BTC and ETH.

Most tokens traded in positive territory, indicating a temporary shift in sentiment, though the pace and sustainability of the move remain to be observed by market watchers.