Bitcoin is currently trading around $78,000 — significantly higher than the previous level. It seems that a serious recovery is underway in the market, and investors are once again starting to believe in cryptocurrencies. It's interesting to observe how the growth of cryptocurrencies is not only capturing Bitcoin but also other altcoins — an upward movement is visible everywhere. It appears that the overall sentiment in the crypto sector has truly shifted to a positive side. Should this be seen as the beginning of a new trend or just a rebound — time will tell.