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Crypto Market Rebounds After Black Monday Crash — Bitcoin, Ethereum, and Altcoins Show Signs of Recovery

Ankit puri1 week ago

The global cryptocurrency market is showing early signs of life after the brutal “Black Monday” crash on April 7, which wiped out billions in market value within a matter of hours. Triggered by former President Donald Trump’s sudden tariff announcement, the crash led to over $1 billion in liquidations in just 24 hours—rattling even seasoned investors.

Now, just days later, the market appears to be stabilizing. As of today, the global crypto market cap has climbed to $2.53 trillion, a 3.08% increase in the past 24 hours. While it’s too early to declare a full recovery, the bounceback is being closely watched by analysts and traders alike.

Major Cryptocurrencies Lead the Charge

Several top-performing cryptocurrencies have helped fuel the rebound, with Bitcoin (BTC) and Ethereum (ETH) showing renewed momentum:

Bitcoin (BTC): Up 2.74% in the past 24 hours, currently trading at $79,905.69
Ethereum (ETH): Up 2.28%, now priced at $1,585.39

Other altcoins are also seeing green across the board:

XRP: +3.65% at $1.90
BNB: +1.78% at $561.80
Solana (SOL): +7.90% at $111.29
Dogecoin (DOGE): +6.16% at $0.1511
Cardano (ADA): +5.71% at $0.5917

This positive movement suggests that short-term buying interest has returned, especially among retail traders capitalizing on the dip.

Sentiment Still Shaky Despite Price Gains

While the charts are pointing upward, market sentiment remains cautious. The Crypto Fear & Greed Index currently sits at 19, signaling “Extreme Fear.” This highlights a widespread lack of confidence, even as prices begin to rebound.

Adding to that, the Altcoin Season Index is stuck at 17/100, which means Bitcoin continues to dominate trading volumes while altcoins slowly lag behind. The crypto market may be inching forward, but investors are still navigating through uncertainty.

What’s Fueling the Turnaround?

Market watchers suggest that the rebound is partly driven by technical bounces after oversold conditions, and a wave of short-term buyers stepping in at perceived bargain levels. This kind of post-dip rally is not uncommon in crypto, especially after such a sharp correction.

However, analysts caution that macro factors still loom large, including: