Cryptocurrency markets are bouncing back after a brutal weekend. Bitcoin has returned above $74K after plunging to its lowest level in several months, and major altcoins are also rising. Ether is now at $2.33K, while Solana, BNB, XRP, and Cardano are all moving positively in the last 24 hours. But when looking at the weekly chart, most tokens are still in the red zone with losses of up to 20% over the week.

What’s interesting is the timing of this recovery. Analysts from CF Benchmarks say that the weekend decline might mark the end of a longer bearish trend that started in October 2025. Bitcoin is now at a critical inflection point—either it could start a new rally or drop again to support levels below $70K. The previous decline was linked to unclear regulations in the US and hawkish signals from the Federal Reserve.

Across the broader Asia region, the situation is somewhat different. The Asia-Pacific equity markets jumped 2.4% yesterday, their strongest performance since April, and South Korean stocks rose more than 5%. Gold and silver are also recovering, helping stabilize risk sentiment across the region. So even though crypto is still shaky, the recovery in traditional Asian markets seems to have a positive impact on crypto sentiment as well.

Recently, Ether has outperformed Bitcoin— the ETH/BTC ratio has risen to a 3-month high, around 0.0313. There is strong on-chain activity on Ethereum, including an 82% quarter-over-quarter surge in new users. So there are some positive indicators behind the scenes, even though the chart remains highly volatile.