Crypto Market (Watch) in Recovery: BTC Price Rises to $56K, SOL, SHIB Explode by 24% Daily

After experiencing its worst crash in a few years, bitcoin’s price has bounced off, and the asset has recovered over six grand in the past 18 hours or so.

The alternative coins have followed suit with even more impressive gains today, and the total crypto market cap has added more than $200 billion since yesterday’s low.It’s safe to say that what transpired in the past several days was quite unexpected, given last Monday’s surge to $70,000. But we will focus mostly on the events that happened from Friday to now.

Following a weak jobs report in the US and the controversial actions by Japan’s central bank, BTC plummeted on Friday from $66,000 to $62,200, alongside Wall Street and most risk-on assets. Although that was aby double digits and plummeted to under $50,000 for the first time since mid-February. This substantial correction left more than $1.2 billion in liquidated positions as fears emerged about aThis is all you need not to miss any price action in the raging crypto markets.

Solana’s native token leads the pack from the larger-cap alts with a 24% surge to $142. Shiba Inu has charted a similar jump that has pushed it to $0.000014. Impressive gains also come from the likes of ETH , BNB , XRP , DOGE , ADA , and many others. The cumulative market cap of all crypto assets has added more than $200 billion since yesterday’s low. As such, the metric has risen to $2.070 trillion on CG.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.

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