Bitcoin leads the market trend, rising over 7% in the past 24 hours to around $92,900, bringing the overall market cap to about $3.15 trillion, with a daily gain of 7%.

This strong rebound comes against a backdrop of continued improvement in industry sentiment. The Fear and Greed Index has risen to 22, still in the "fear" range but significantly higher than the extreme fear level earlier this week. Trading activity remains high, with 24-hour Bitcoin trading volume exceeding $8.48 billion—indicating that market participants are increasing their exposure rather than waiting for the next dip.

Overall Market Strength

Almost all major assets participated in this round of gains.

Ethereum rose 8.9% to $3,060, with trading volume exceeding $29 billion USD.

XRP increased by 9% to $2.20, bringing the token back into a short-term uptrend.

BNB climbed over 8% to about $898, continuing its steady recovery momentum.

Solana was one of the best performers, rising 11.6% in 24 hours to $142, with trading volume close to $7 billion USD.

Stablecoins continued to hold their pegs, with USDT maintaining $1, but 24-hour trading volume reached $12.66 billion—indicating that market liquidity is returning.

Downtrend Breakout?

Market analysts point out that the main drivers of today’s rally are short position liquidations, improved macro conditions, and easier access to US ETFs. The CMC20 Index, which tracks major crypto assets, rose 7.87%, confirming that this recovery is broad-based and not limited to Bitcoin.

Technical indicators are also improving. The average RSI of the crypto market has reached 55.55, moving the market out of oversold territory and suggesting that momentum in major assets is strengthening.

What’s Next?

Traders are watching whether Bitcoin can hold above $93,000, a key psychological level. A strong close above this range could open the door to the next resistance cluster at $95,000; failure to hold may result in another test of the upper $80,000 range.

Market confidence is currently recovering, but as sentiment remains fragile and leverage levels are high, volatility is expected to remain elevated in the coming trading days.