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#Crypto Market Rebound# The crypto market is experiencing a rebound, with several major coins recording solid price increases. Here are some key developments¹:
- *Bitcoin (BTC)*: Climbed 1.16% to trade at $114,797, showing a mild recovery after its recent dip. Analysts predict BTC could retest support levels around $110,000 to $109,000 in the short term.
- *Ethereum (ETH)*: Jumped 3.69% to sit above $3,570. ETH sentiment has flipped decisively, with investors repositioning following Q1's capitulation and Q2's strong recovery.
- *XRP*: Surges 6.65% to $3.01, making it one of the day's top gainers.
- *Other notable gains*:
- *Stellar (XLM)*: 10.36% surge
- *Solana (SOL)*: 2.29% gain, with over 14% gains in the last week
- *Cardano (ADA)*: 3.76% rise
- *Dogecoin (DOGE)*: 3.37% gain
The market rebound is attributed to renewed investor interest and Trump Media's $2 billion Bitcoin purchase, which lifted market sentiment. The Fear & Greed Index is now at 52, signaling a balanced market mood between caution and optimism. Some analysts predict continued structural growth in the crypto market, driven by improving regulatory clarity and capital flowing back into high-conviction assets.²