The cryptocurrency market staged a broad recovery on September 19, with major tokens posting double-digit gains after a turbulent week shaped by rate hikes in Washington and Tokyo and a failed regulatory push on Capitol Hill. Solana, XRP and Dogecoin are now each approaching technical levels that will determine whether the rebound has staying power.

Total crypto market capitalization climbed 6.77% over 24 hours to $2.78 trillion, with Bitcoin breaking back above $81,000. Solana gained 12%, Ethereum rose nearly 8%, and Arbitrum jumped 29%. The advance came despite the Federal Reserve raising its benchmark rate and the Bank of Japan following suit, moves that had rattled digital assets earlier in the week.

The rally also followed the…