Bitcoin back at $60,500

After a brutal 24-hour dip that sent Bitcoin tumbling to $58,300, the world's largest cryptocurrency has staged a sharp rebound, climbing back above the $60,000 mark and reclaiming a critical psychological threshold. At last check, Bitcoin trades at $60,500, up nearly 3% on the day, pushing its market capitalization back near $1.2 trillion and lifting the entire crypto market with it.

The total cryptocurrency market cap now stands at $2.16 trillion, a 2% gain in just 24 hours, while daily trading volume surges past $83 billion. Yet Bitcoin's dominance remains stubbornly above 56%, signaling altcoins still can't break free.

Among the top performers, Solana leads the charge with a 4% jump, Bitcoin Cash surges nearly 5%, and Cardano adds over 3%. Proving the altcoin rally is real even as Ethereum lags behind at $1.625 after a modest 3% gain.

But the real outlier is XRP, trading near $1.06 after a quiet rise, while its linked ETFs rake in fresh inflows, defying the broader trend of Bitcoin and Ether funds bleeding capital. Analysts point to the divergence as a rare bright spot in a market still grappling with ETF outflows, Though the recovery hasn't erased Bitcoin's broader downtrend, just bought at time above a level, traders refuse to surrender.

With whales still dumping and institutional targets far from met, the question isn't whether this rebound holds; it's how long the market can defy gravity before the next sell-off tests $60,000 all over again.