Bitcoin Recovery Pushes Ethereum, Solana And BNB Into Green

Add TechGaged as your preferred source on Google

See more TechGaged stories across Google News and Discover.

Add

Bitcoin (BTC) climbed back above $77,000 during the past 24 hours after last week’s heavy selloff pushed the asset down to a three-week low near $76,000. The recovery helped lift most of the wider crypto market, with Ethereum (ETH) moving back above $2,140 and several altcoins posting stronger gains. Traders have been closely watching whether Bitcoin could stabilize after losing more than $6,000 from its recent local high above $82,000.

Bitcoin Pushes Back Above $77K

As it happens, Bitcoin spent most of the past day grinding higher after briefly slipping below $76,500 late Monday.

The asset now trades around $77,600 according to the latest market data and its capitalization has recovered alongside the wider crypto market. Even so, BTC remains well below the levels seen earlier this month when bulls attempted another breakout above $82,000.

At press time on May 20, Bitcoin was changing hands at the price of $77,537.93, up 1.3% in the last 24 hours, down 2.6% over the week, and accumulating an increase of 3% across the past month, according to the most recent chart information.

The latest bounce has also helped calm short-term market sentiment after several days of aggressive selling pressure tied to macro concerns and rising Treasury yields.

Ethereum followed Bitcoin higher and currently sits above $2,140 with a daily gain of more than 1%. BNB climbed back above $650, and Solana (SOL) rose toward $86 after adding roughly 1.7% over the same period.

XRP continues lagging behind several major assets despite returning to the green slightly.

ZEC And HYPE Lead The Crypto Recovery

The strongest moves came from a handful of altcoins outside the market leaders.

Zcash (ZEC) surged more than 10% and traded above $630, making it one of the best-performing large-cap cryptocurrencies during the recovery. Hyperliquid (HYPE) also extended its recent momentum with another strong move higher, and has gained more than 8% to approach fresh highs.

Toncoin (TON), Chainlink (LINK), Dogecoin (DOGE), and Cardano (ADA) all posted moderate gains as buyers slowly rotated back into risk assets after the May 18 selloff.

Not every token participated in the rebound, though. MemeCore (M) was among the weakest performers from the larger-cap group after dropping more than 5% despite the broader market recovery. Stellar (XLM) also remained in the red.

The overall crypto market capitalization moved higher alongside Bitcoin’s rebound, showing that traders are cautiously stepping back into the market after the sharp correction earlier this week.