Live updates: HYPE leads altcoin rally as bitcoin recovers toward $78,000
Bitcoin and various altcoins are seeing a market recovery, with total crypto market value rising to approximately $2.66 trillion. Analysts note a cautious shift in investor focus toward altcoins as traditional markets show resilience following Federal Reserve interest rate decisions.
Why it matters
Market movements in cryptocurrency reflect broader investor risk appetite and the ongoing volatility of digital assets in response to macroeconomic policy.
BNB and DOGE each gained about 4%, with XRP, ether and bitcoin up 2%. TRX was the laggard at under 1%.
Bitcoin traded just below $78,000 after touching $75,972 during U.S. hours, recovering the whole of that overnight drop and marking a third consecutive day of gains. Total crypto market value rose 2% to roughly $2.66 trillion.
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