After a few days of depressing price action, the bulls appear to be finally back in town. The cryptocurrency market added almost $70 billion to its total capitalization over the past 24 hours.

This happened on the back of Bitcoin charting a notable recovery in the past 24 hours, bouncing up to $63,000, so lets have a look.

Bitcoins Price Stages a Recovery

Just a couple of days ago, Bitcoin tumbled below $60,000 and even briefly dipped below $59,000.

Fortunately, the bulls were very quick to recover and managed to stage an impressive rally, which peaked at around $63,400 earlier today. The price has since retraced a bit to where it currently trades, but BTC booked a 3.4% increase throughout the past 24 hours nonetheless.

Source: TradingView Its worth noting that Bitcoin has performed comparatively better than the other top 10 cryptocurrencies by market capitalization.

Alicia BakeryCMO - A really good agencyDid you like this market update?

This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:

Invalid email address Your privacy is guranteed.Thanks for subscribing, you will get your first report in the next hours! The total crypto market saw around $120 million worth of liquidated leveraged positions, the majority of which were short. The broader sentiment has also improved a lot compared to yesterday, and its currently neutral, up 17 points on the day.

Altcoins in a Sea of Green

As you can see in the heatmap below, altcoins are having a field day and all of them are trading in the green.

Some of the larger ones, such as ETH, BNB, SOL, XRP, DOGE, TRX, TONCOIN, and ADA, are all charting marginal gains in the range between 0.5% and 3%. Notably, Bitcoins price has managed to outperform all of them, as mentioned above.

Source: Quantify Crypto That said, one of the best performers today is NEIRO on ETH a viral meme coin that boasts one of the most vibrant online communities. It managed to explode by more than 40% in the past 24 hours.

All in all, WhiteBIT Coin (WBT) is the second-best performer from the top 100 (after NEIRO) and its up by almost 30%, followed by Ethenea (ENA) which increased by 25%.

On the other end of the spectrum, Uniswap (UN) is down 2% on the day. Its worth noting, though, that UNI increased by 17% throughout the past week.

SPECIAL OFFER (Sponsored) Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER 2024 at BYDFi Exchange: Up to $2,888 welcome reward, use this link to register and open a 100 USDT-M position for free!

Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.