Bitcoin’s rollercoaster price action that began late Sunday escalated further on Monday. After peaking at $107,000, BTC experienced a sharp pullback of over $5,000, only to recover to nearly the same level before dipping again in the last few hours.
Bitcoin Rebounds From $102K Low
The flagship cryptocurrency showed strong volatility as bears took control late last week, dragging BTC to a low of $102,000 on Thursday. However, bullish momentum returned quickly, pushing the price above $103,000 on Friday, where it hovered throughout the weekend.
Momentum picked up again Sunday evening, sending Bitcoin surging to $106,000. Despite a quick drop below $103,500, bulls doubled down, driving BTC past $107,000 — its highest level since January.
After another swift decline toward $102,000, Bitcoin bounced back once more, reaching $106,600 before stabilizing above $105,000. As of now, its market cap has climbed near $2.09 trillion, with dominance across the crypto market at 60.7%.
AAVE Leads Altcoin Gains With 20% Surge
The altcoin space also showed strong signs of recovery. Ethereum (ETH) reclaimed $2,500 with a 5.5% daily increase. XRP defended the $2.35 level, while other top performers like SOL, TRX, SUI, LINK, AVAX, SHIB, HBAR, and TAO registered gains up to 7%.
Among the standout gainers, AAVE stole the spotlight by soaring over 20% in the last 24 hours. The DeFi token now trades at around $265, making it the best-performing large-cap altcoin of the day.
Market Outlook
The total crypto market capitalization surged by nearly $100 billion in the past day, reaching $3.45 trillion, according to CoinGecko. With Bitcoin rebounding from a sharp drop and AAVE rallying strongly, the crypto market shows signs of renewed bullish sentiment — but volatility remains high.
