Crypto Market Sees 2.6% Spike in $2.28 Trillion Valuation

The cryptocurrency market has shown signs of recovery, with a 2.6% increase in market capitalization to $2.28 trillion over the past 24 hours.

Bitcoin (BTC) and Ethereum (ETH) prices have also seen gains, with BTC up 1.8% to $64,269.4 and ETH rising by 0.7% to $1,905.74.

The market's Fear & Greed Index has climbed to 41, indicating easing panic as prices recover, although sentiment remains cautious.

Some altcoins have experienced significant price swings, with GoPlus Security (GPS) surging 47.6% and Velvet (VELVET) plummeting 44.5%.