The Cryptocurrency Market Rebound
After a week of losses, the cryptocurrency market has rebounded quickly. With names like Bitcoin, Solana, and Pepe dominating the market, the brief correction period appears to be over.
The top ten cryptocurrencies have already recouped last week’s losses. Most of these coins are even gaining some value on the 7-day growth chart. Names like Notcoin, Pepe, and QuarkChain have also joined the ranks of these top cryptocurrencies, disrupting market trends.
Below is a quick overview of the cryptocurrency market with daily updates.
Bitcoin’s Recovery And Positive News
The largest cryptocurrency on the market made a comeback over the weekend, surging 3.40% in 24 hours. Its 7-day growth chart shows a gain of 3.08%, while the value has increased by 15% over the past month. After almost falling below the $64,000 mark, BTC is back to the $70,000 mark.
At the same time, news of the restart of the BTC address in the Satoshi Nakamoto era also emerged. News that Hong Kong is adopting Bitcoin as a reserve has sparked interest among traders.
Solana’s Impressive Performance and Investor Interest
Solana is one of the few coins that has performed well over the past few weeks. The currency gained 5.88% in 24 hours and 7.72% in 7 days. SOL coin has jumped from the $174 mark to the $193 mark. SOL increased by 38.10% month-on-month, making it the best-performing asset among the top 10 cryptocurrencies throughout the month. A break above the previous 52-week high of $209 is likely soon.
This is why global investors are showing interest in SOL and some related meme coins.
Pepe’s Rise Among Meme Coins and Future Outlook
PEPE is one of the best-performing meme coins on the market right now, surpassing well-known brands such as Shiba Inu and Dogecoin. Pepe achieved this with an impressive 24-hour growth of 4.36%. Its 7-day and 30-day growth is minimal, but the meme token offers good returns at a stable interest rate. In similar news, Pepe reported an 80% value increase in Q3 2024.
As the market recovers, more coins regain their lost value. Market forces alone have enabled the recent growth, which experts expect will continue for at least a few days.
