The post Crypto Market Rebounds: Here’s Why Bitcoin and Ethereum Prices Soared! appeared first on Coinpedia Fintech News

In the last 24 hours, the cryptocurrency market experienced a welcomed rebound after Bitcoin and other leading digital assets broke free from a downward trend that had persisted throughout the year. Latest data from the world of crypto indicates that the overall market value of cryptocurrencies surged by roughly 2 percent, reaching around $1.1 trillion.

During this period, the prices of Bitcoin and Ethereum climbed by about 1.6 percent and 2.3 percent respectively.

The Future is Bright!

An insightful analysis provided by the intelligence platform Santiment sheds light on the encouraging trend of crypto prices bouncing back when traders demonstrate increased activity during bear markets. Interestingly, there has been a significant spike in discussions surrounding bear markets, reaching an 11-week high. This surge in discussions is seen as a potential catalyst for the market’s recovery.