The cryptocurrency market extends its recovery this week, with Bitcoin (BTC) closing toward $73,000 for a breakout rally, while Ethereum (ETH) and Ripple (XRP) inch closer to $2,200 and $1.50, respectively. A decline in Gold and Oil prices amid the global efforts to reduce tensions in the Middle East and reopen commerce through the Strait of Hormuz, reflecting reduced downside pressure.

Altcoins such as River (RIVER), LayerZero (ZRO), and Zcash (ZEC) are leading the cryptocurrency market recovery over the last 24 hours. 

Bitcoin shows signs of recovery

Bitcoin trades above $72,000 at press time on Monday, holding steady after a 10% rise last week. The Crypto King shows bullish compression under the 50-day Exponential Moving Average (EMA)…