BTC, ETH, XRP Rise as Crypto Market Stages Recovery

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) rose as the cryptocurrency market rebounded from sharp sell-off pressure that had plunged the entire market cap to $2 trillion.

BTC climbed to $59.6k, ETH rose to $1.57k, and XRP inched higher to $1.04 on moderate improvement in buying  sentiment.

Market capitalisation of all cryptocurrencies rose 0.9% to $2.07 trillion in 24 hours, primarily driven by a broad-based technical bounce and capital rotation into altcoins.

The market movement signals an oversold bounce and altcoin rotation. The market rebounded from a yearly low, with the Altcoin Season Index rising 4.35% as capital flowed into mid- and small-cap tokens.

After a prolonged…