The cryptocurrency market has experienced a resurgence, with Bitcoin (BTC) regaining its upward momentum and briefly reaching the $62,000 mark. Altcoins, such as Ethereum (ETH), Solana (SOL), Dogecoin (DOGE), and Shiba Inu (SHIB), have also followed suit, posting considerable price gains.

Bitcoin Bounces Back

Bitcoin's price trajectory has shown a notable 1.01% increase over the past day, trading at $61,953.38 at the time of writing. After a sluggish period, Bitcoin has gained momentum, partly due to $31 million inflows in BTC exchange-traded funds (ETFs) on June 25.

Altcoins Join the Rally

Ethereum (ETH) has jumped 0.42%, trading at $3,391.97. Solana (SOL) has seen a 1.42% increase, reaching $138.35. However, XRP has bucked the broader market trend, declining 0.71% to $0.4753.

Meme coins Dogecoin (DOGE) and Shiba Inu (SHIB) have also joined the rally, rising 2.79% and 1.83%, respectively. Notably, the lesser-known coins Pepe coin (PEPE) and dogwifhat (WIF) have emerged as the day's top gainers.

Market Overview

The global cryptocurrency market has seen a 2.18% spike, reaching $2.29 trillion. However, the total crypto market volume in the last 24 hours has experienced a considerable 29.28% decline.

The hourly charts for Bitcoin and Ethereum suggest a highly turbulent movement, indicating potential price fluctuations in the near future. Altcoins' charts for the same duration show a waning movement, sparking speculation across the market.