Is this the real bottom? Bitcoin recovers to $90,000... Altcoins are rising together.

Source: DigitalToday Original Title: Is this really the bottom? Bitcoin recovers to $90,000… Altcoins rise in tandem. Original Link:

Bitcoin is once again on a bullish trend.

On the 3rd, at 5:30 AM local time, according to the cryptocurrency data platform, Bitcoin(BTC) recorded a rise of +6.51% compared to the previous day, reaching $91,188 and leading the market. In terms of market share, Bitcoin holds 58.66%, firmly establishing itself as the central figure driving the bull market.

Thanks to the rise of Bitcoin, Ethereum(ETH) also showed a strong rebound, rising +8.32% to $2991, while another exchange coin(BNB) is trading at $877, up +7.18%. The top market cap asset Solana(SOL) also surged +11.4% to $139, and Ripple(XRP) is trading at $2.15, up +7.2%.

The overall sentiment for altcoins continued to be optimistic. Tron(TRX) rose by +4.15% to $0.28, while Cardano(ADA) was at $0.43. Litecoin(LTC), Avalanche(AVAX), and Dogecoin(DOGE) also showed a collective uptrend, bringing vitality to the overall market.

It is interpreted that the recent leverage liquidations that occurred over the past few days have mostly been settled, leading to a short covering and new buying pressure due to the short-term decline. Additionally, the influx of investors who see a high possibility of a technical rebound in the $80,000 to $85,000 range is also considered to have had an impact.

In particular, this rise is seen as a trend that emerged after a short-term adjustment, increasing expectations for the possibility of breaking through major resistance levels.