Crypto market surges by $156 billion in 7 hours
Key Takeaways
- Crypto market added $156B in seven hours, led by a sharp rebound in altcoins.
- Bitcoin climbed back above $103K after falling below $100K earlier in the day.
The crypto market saw a sharp rebound on Friday, adding $156 billion in value within seven hours as altcoins led a powerful rally across the sector. Bitcoin recovered from early-morning lows under $100,000, climbing back above $103,000 by Friday afternoon.
Ethereum approached $3,500, Solana traded near $163, and a wave of alternative cryptocurrencies posted double-digit percentage gains over the past 24 hours. Altcoins alone added more than $81 billion in value, marking one of the strongest intraday moves in weeks.
The move comes after a stretch of downside pressure that affected both crypto and traditional equities. Friday’s recovery helped the digital asset market catch its breath after a week marked by risk-off sentiment, liquidations, and declining investor confidence across major sectors.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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