Key takeaways
- The crypto market added $156 billion in seven hours, driven by a strong rebound in altcoins.
- Bitcoin rallied above $103,000 after falling below $100,000 earlier today.
Share this article
The crypto market saw a strong rebound on Friday, adding $156 billion in value in seven hours as altcoins led a powerful rally in the sector. Bitcoin recovered from morning lows below $100,000, climbing back above $103,000 on Friday afternoon.
Ethereum neared $3,500, Solana traded near $163, and a wave of alternative cryptocurrencies saw double-digit percentage gains over the past 24 hours. Altcoins alone added more than $81 billion in value, marking one of the strongest intraday moves in weeks.
The move comes after a period of downward pressure that affected both crypto and traditional stocks. Friday’s rally helped the digital assets market catch its breath after a week marked by risk aversion, selloffs and declining investor confidence across major sectors.
